Which of the Following Is a Means to Avoid the Double

question 81

Multiple Choice

Which of the following is a means to avoid the double taxation burden imposed on the profits of corporations?

• A)Treat all corporations as passthrough entities for federal tax purposes.
• B)Enact tax legislation that would make dividends nontaxable to all of the corporation's shareholders.
• C)Allow corporate shareholders a credit on their tax returns for the taxes paid by the corporation on the profits currently distributed to shareholders as dividends.
• D)All of the above would avoid double taxation.

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Definitions:

Subgoaling

The process of breaking down a larger goal into smaller, more manageable objectives.

Planning

The cognitive process of thinking about and organizing the activities required to achieve a desired goal.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes.

Algorithms

Instructions or procedures designed to solve a specific problem or perform a specific task through a series of steps, pivotal in programming and technology.