The Dividends-Received Deduction Is Designed to Reduce Double Taxation of Corporate

question 32

True/False

The dividends-received deduction is designed to reduce double taxation of corporate dividends payable to individual shareholders.

---

Definitions:

Fossil Evidence

Physical remnants of organisms, such as bones, shells, or leaves, preserved in rock, providing insight into the history of life on Earth.

Opposable Thumb

The arrangement of the fingers so that they are positioned opposite the thumb, enabling the organism to grasp objects.

Foramen Magnum

The opening in the vertebrate skull through which the spinal cord passes.

Arboreal

Living in trees.