How Judges Apply the Law to Specific Disputes May Depend

question 36

True/False

How judges apply the law to specific disputes may depend in part on their personal philosophical views.

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Definitions:

Double Taxation

A taxation principle referring to income taxes that are paid twice on the same source of income, common in C-type corporations where income is taxed at both the corporate and shareholder levels.

Corporate

Relating to a large company or group of companies authorized to act as a single entity.

Proprietorship

A business structure where the enterprise is owned and run by one person, with no legal distinction between the owner and the business.

LLCs

Limited Liability Companies, a business structure in the United States that offers personal liability protection and flexibility in management and taxation to its members.