The Practice Generally Known as Double Taxation Is Due to

question 48

Multiple Choice

The practice generally known as double taxation is due to

• A) shareholders' dividends being taxed at both the federal and state levels.
• B) corporate income being taxed at both the federal and state levels.
• C) interest on shareholders' dividends being taxed as income.
• D) corporate incomes being taxed at the corporate level, then again at the shareholder level when corporate profits are paid out as dividends.