S-Corp REG Question picture

This topic has 4 replies, 2 voices, and was last updated 12 years, 3 months ago by Anonymous.

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August 24, 2012 at 3:00 pm #173472

Anonymous
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Can anyone explain to me in this question why D cannot be a correct answer also?

Picture attached: https://i50.tinypic.com/17p9h5.jpg

Thanks

Edit: Answer D is obviously more than 50% is why I’m wondering

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August 24, 2012 at 4:15 pm #364121

Anonymous
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D is not greater than 50%.

20k/50k = 40%

August 24, 2012 at 4:17 pm #364122

Anonymous
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S Corps can issue ONE class of stock. That one class can be BOTH voting and NON-voting. It still counts as one class. As long as more than 25,000 shares are revoked, S Corp status can be terminated – regardless the voting class.

August 24, 2012 at 4:41 pm #364123

Anonymous
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Wow I feel like an idiot… haha thanks

August 24, 2012 at 7:46 pm #364124

Anonymous
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Nah, I did the same thing, bro.

I was sitting there for a while thinking “wtf” to myself when doing S-Corps. Keep it up!
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