Eggington Enterprises,Inc

question 1

Multiple Choice

Eggington Enterprises,Inc.,made $22,000,000 in profits in 2016.Eggington paid $3,000 per share to its shareholders.Jeff Goldstein owns one share of Eggington.Which of the following is true?​

• A)​Eggington pays taxes on the $22,000,000 and Jeff does not need to pay on his dividend distribution.
• B)​Eggington pays taxes only on the amounts not distributed to the shareholders.
• C)Eggington does not owe taxes because it is incorporated.
• D)Eggington pays taxes on the $22,000,000 and Jeff pays taxes on his $3,000 in dividends.

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