Examlex
Which of the following concepts is consistent with the research project that Rhianna is working on?
S-corp
is a type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.
C-corp
A type of corporation subject to corporate income tax, distinct from its owners, who are taxed separately on their personal income from the corporation.
Double Taxation
A situation where income or profits are taxed at two levels, typically once at the corporate level and again at the individual shareholder level.
Dividends
Payments made by a corporation to its shareholders from the company's profits or reserves.
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