A Corporation Is Said to Have Double Taxation

question 70

Multiple Choice

A corporation is said to have double taxation. What is meant by this statement?

• A)The corporation pays double the tax rate of individuals.
• B)The corporation pays taxes on its income and its shareholders pay taxes on their dividends from the corporation.
• C)Both a and b
• D)None of the above

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Definitions:

Single Mothers

Women who are raising their child or children without the involvement of the children's father, due to various circumstances.

Required Condition

A necessary criterion or condition that must be met for a procedure to be carried out or for a statement to be considered true.

Graphical Device

A tool or technology used to create visual representations of data to facilitate understanding.

Degrees of Freedom

In statistics, the number of independent pieces of information available to estimate another piece of information or parameters in a model.