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1099
The 1120s form is shorter than the 1120 form. The shorter form can be used by individuals and partnerships. The longer form is usually used by corporations.
Three individuals X, Y, Z hired a car on a sharing basis and paid Rs. 1,040. They used it for 7, 8, 11 hours, respectively. What are the charges paid by Y ? That's an interesting question, but what does it have to do with the original question? If I understand the question correctly, the answer is 1/4 = 25%.
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