Beginning in 2018, C Corporations Are No Longer Subject to Double

question 48

True/False

Beginning in 2018, C corporations are no longer subject to double taxation.

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Definitions:

Hourly Wage

The amount of money paid for each hour of work.

Nonexempt Employees

Workers who are entitled to receive overtime pay under the Fair Labor Standards Act (FLSA) for hours worked beyond the standard workweek.

FLSA Act

The FLSA Act, or Fair Labor Standards Act, is US legislation designed to protect workers against poor wages and excessive working hours, establishing minimum wage, overtime pay eligibility, and child labor standards.

Employee Handbook

Written rules and regulations informing employees of their rights and responsibilities in the employment relationship.