A Disadvantage of C Corporations Is That They Are Subject

question 41

Multiple Choice

A disadvantage of C corporations is that they are subject to ________, which means that a corporation is taxed on its net income and when the same income is distributed to shareholders in the form of dividends it is taxed again on shareholders' personal income tax returns.

• A) double taxation
• B) dual toll
• C) double duty
• D) double assessment
• E) dual harm

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Definitions:

Acknowledgments Section

A part of a document or book where the author expresses gratitude to those who contributed to the work.

Lab Report

A detailed document describing the process, results, and conclusions of a laboratory experiment.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or government.

Crafted Argument

A well-thought-out and structured presentation of reasons and evidence to support a particular position or viewpoint.