Which of the Following Is True of Taxes on Amounts

question 62

Multiple Choice

Which of the following is true of taxes on amounts withdrawn from a business?

• A) Salaries and bonuses received from the business corporation are not considered as expenses to the business.
• B) When one withdraws cash from a proprietorship or partnership, these sums are also taxable to that person as an individual.
• C) When owners receive a dividend from a corporation, it is taxed only once.
• D) The payment of pension plans is not deductible by the business.

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