The Term "Double Taxation" Refers to Which of the Following

question 146

Multiple Choice

The term "double taxation" refers to which of the following?

• A)Corporations must pay income taxes on their net income,and their stockholders must pay income taxes on their dividends.
• B)In a partnership,both partners are required to claim their share of net income on their tax returns.
• C)A sole proprietorship must pay income taxes on its net income and the owner is also required to pay income taxes on withdrawals.
• D)A sole proprietorship must pay income taxes to both the state government and the federal government.

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