What Is Meant by the Term "Double Taxation" as Applied

question 23

Multiple Choice

What is meant by the term "double taxation" as applied to the corporate form of business organization?

• A) Corporate income as taxed at twice the rate of partnership income.
• B) Corporate income is taxed,and then corporate dividends are taxed as well.
• C) Corporations pay both Federal income tax and state income tax on their earnings.
• D) Corporations pay both income tax and sales taxes on their goods.

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Definitions:

Full Recovery

The process or outcome of returning to a state of health, wellbeing, or functional normality after illness, injury, or a challenging situation.

Bulimia Nervosa

Eating disorder in which a person regularly eats huge quantities of food and then purges the body by laxatives, induced vomiting, fasting, or excessive exercise.

Behavioral Pattern

Repetitive actions or ways of behaving that are characteristic of an individual or group, often analyzed in psychological contexts.

Binge Eating Disorder

Eating disorder in which a person loses control over eating and binges huge quantities of food.