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:

Social Security Program

A government program that provides financial benefits to retirees, disabled workers, and survivors of deceased workers.

Payroll Taxes

Taxes imposed on employers and employees, usually calculated as a percentage of the salaries that employers pay their staff.

Cash Assistance

Financial aid provided in the form of liquid funds to individuals or families in need, often by governmental or charitable organizations.

Entitlement Programs

Government-sponsored programs that guarantee certain benefits to a particular segment of the population.