Becca Franklin and Suzanne Peterson formed an LLC as co-owners and managers. The LLC made $275,000 after expenses last year. There are no provisions in their operating agreement on how profits are to be split. What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there was no provision in their agreement on how profits are to be split? a. the Subchapter S corporation must retain at least half of the $275,000 and Becca reports half of $137,500 b. $137,500 c. nothing, because the Subchapter S corporation reports that income and pays the taxes d. the full $275,000

answer; empowerment and collaboration;

answerpublic goods;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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