All of the Following Are True EXCEPT

question 61

Multiple Choice

All of the following are true EXCEPT

• A) Interest income received by a corporation is taxed as ordinary income.
• B) Corporations pay taxes on all dividends received from other corporations, no matter their share of ownership.
• C) Corporations may pay taxes on only 30 percent of the dividends received from other corporations, depending on their percentage of ownership.
• D) Capital gains is taxed as ordinary income.

---

Definitions:

Remedy in Equity

A court-ordered resolution based on fairness to resolve a legal issue, often when monetary damages are insufficient.

Common Law Remedy

Refers to solutions or compensations provided through court judgments, based on principles and precedents in common law, as opposed to statutes.

Civil Law Remedy

Legal solutions provided through the civil justice system, aimed at resolving non-criminal disputes between parties.

Courts of Law

Judicial institutions where legal disputes are resolved and justice is administered.