14. Answer the questions:

1. What types of corporations are described?

2. What is the maximum corporation tax rate for taxable income up to $10.0 million?

3. What is the main advantage of the S-corporation status?

4. What does the term “double taxation” mean?

5. In what case is the C-corporation status more preferable than the S-corporation status?

15. Speak about Small Business in the usa:

16. Rewrite the sentences in indirect speech, changing the tenses. Begin He/She/They said ….

SALLYY: ‘I’m tired/’ She said (that) she was tired

1. ANN:	‘My sister needs a car’. ___________________________________
2. BILL:	‘I have to phone Andrew.’ _________________________________
3. MARY:	‘Nobody wants to help me.’ ________________________________
4. HELEN:	‘The radio doesn’t work.’ __________________________________
5. JOHN:	‘I will be in Paris in July.’ _________________________________
6. MIKE:	‘I like the red sweater.’ ___________________________________
7. DAVID:	‘I can’t swim.’ __________________________________________
8. ALICE:	‘My parents are travelling.’ ________________________________
9. MARIA:	‘The lessons are very good.’ _______________________________
10. ERIC AND SUE:	‘We haven’t heard from Joe.’ ______________________________

17. Report these sentences. Sometimes two answers are possible.

Examples:

‘I’m tired,’ he said. He said (that) he was tired.		1. ‘I can’t type,’ I told them.
		2. ‘Are you English?’ they asked me.
‘Did you enjoy the film?’ I asked her. I asked her if she had enjoyed the film./ I asked her if she enjoyed the film.		3. ‘Where are you going?’ I asked her.
		4. ‘We’re going into town,’ they said.
		5. ‘I haven’t got any money,’ he told me.
‘Switch off the TV,’ she told me. She told me to switch off the TV		6. ‘Could you speak more slowly?’ he asked her.
		7. ‘Don’t touch the wire, ’he warned me.
‘Can you lend me some money?’ he asked me. He asked me if I could lend him some money. He asked me to lend him some money.		8. ‘I was on holiday in July,’ he told her.
		9. ‘What time did you get home?’ they asked him.

18. Put in say/said or tell/told

1. What did he tell you to do?

2. Lena ____________ that the banks were closed on Saturdays.

3. Have you _____________ him your news?

4. I think she __________ she couldn’t come to the party.

5. Jackie ___________ to me that she wanted to see you.

6. I _____________ him not to speak on the phone for too long.

7. Did Sam ____________ anything about me?

8. I didn’t ___________ the teacher why I was late.

19. Put these statements, into reported speech, as in the examples.

Examples:

‘I’m tired,’ she said. She said (that) she was tired.

‘I need to borrow some money,’ my brother told me. My brother told me (that) he needed to borrow some money.

1. ‘I can’t swim very well,’ I told her.

2. ‘Mr. Mason has gone out,’ the secretary told me.

3. ‘I don’t want to go swimming.’ Andrewsaid.

4. ‘We’re leaving on Friday,’ we said.

5. ‘We had lunch in Luigi’s restaurant,’ they said.

6. ‘I’ll phone you later,’ Sarah told Simon.