Which of the Following Statements About Corporations Is True

question 37

Multiple Choice

Which of the following statements about corporations is true?

• A) Corporations must distribute profits at the end of each year.
• B) Corporate tax rates are always higher than individual tax rates.
• C) Corporations utilize pass-through taxation.
• D) Corporations can deduct certain business expenses that other forms of business can't, which could lower the amount of money subject to taxes.

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Definitions:

Class Action Suit

A legal case filed by one or several individuals on behalf of a larger group of people who are similarly affected, often against a corporation or organization.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or other professional settings.

Pay-Related

Refers to all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship.

Pay Equity

The practice of compensating employees equally for jobs requiring comparable skills, responsibilities, and effort, regardless of gender or other irrelevant factors.