An entity must elect to be treated as an S corporation and is limited by the types of owners, which may not exceed 100 shareholders. An S corporation does not pay federal income tax. Under California law, the S corporation is subject to a 1.5 percent tax on its net income and is a conduit similar to a partnership.
Lactose-free milks are the same as regular milk, except for the addition of lactase. Regular milk contains the milk sugar lactose, while lactose-free milk does not. Lactase, an enzyme produced by the stomach, breaks down the milk sugar galactose so you can absorb it. People who have lactose intolerance, a lactase deficiency, have gastrointestinal symptoms when they consume dairy products containing lactose.
Condensed milk is typically heavily sweetened and cannot be  converted back to evaporated milk. Evaporated milk is a milk  product that has had the water removed. It can be â¦converted back to  regular milk by diluting it with an equal amount of water. 8 people found this useful.