Question

which type of corporation can be publicly traded on a stock exchange? *
private corporation
public corporation

what does an s corporation allow you to do? *
not pay taxes
pay taxes once
pay taxes twice

which one is an example of a nonprofit? *
target
hurley dental
pennsville animal shelter

Explanation:

First Question:

A public corporation (also called a public limited company) is structured to offer its shares to the public and can be traded on stock exchanges. Private corporations have shares held privately and are not publicly traded.

S - Corporations are pass - through entities for tax purposes. This means that the corporation's income is not taxed at the corporate level and then again at the shareholder level (which is double taxation). Instead, the income "passes through" to the shareholders, and taxes are paid only once (by the shareholders on their individual tax returns). They don't allow not paying taxes (as taxes are still paid at the individual level), and double taxation is what C - Corporations (in some cases) or non - pass - through entities face.

Non - profit organizations are established for purposes other than generating profit, like charitable, religious, educational, etc. The Humane Society (assuming it's a typical animal - welfare non - profit) is a non - profit. Target is a for - profit retail corporation. The third option (partially visible, but assuming it's a for - profit business) is for - profit.

Answer:

B. public corporation

Second Question: