A C Corporation's Disadvantage Is Double Taxation

question 46

Multiple Choice

A C corporation's disadvantage is double taxation.This means that ______.

• A)the corporation is taxed on the profit it makes and the shareholders are taxed on the dividends
• B)the corporation pays taxes in April and October
• C)corporations are taxed more heavily than other corporate structures
• D)corporations pay taxes on the goods they purchase to create the product rather than on the profits from the sale of the goods

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Definitions:

Puberty

A phase of human development during which a child transitions into an adult, marked by physical changes that enable reproduction.

Breathing

The physiological process of inhaling oxygen and exhaling carbon dioxide, essential for life to sustain metabolic processes.

Thermostat

A device used to maintain a set temperature within a space by regulating the heat or cooling mechanisms.

Hypothalamus

The Hypothalamus is a small region of the brain located below the thalamus, critical for the regulation of many bodily functions including temperature, hunger, and hormonal balance.