What Is Double Taxation

question 78

Multiple Choice

What is double taxation?

• A)It is when two separate tax authorities tax the same corporation.
• B)It is a situation that only affects sole proprietorships.
• C)It occurs when the business owner pays himself or herself a salary.
• D)It occurs when earnings are taxed once at the corporate level and then taxed a second time as personal income.

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Definitions:

Side Chain

A group of atoms attached to the main part of a molecule, influencing its chemical properties and reactions.

Amino Acid

Organic compounds that serve as the building blocks of proteins, containing both amine and carboxyl functional groups.

Imidazole Ring

A heterocyclic compound containing a ring made of three carbon atoms and two nitrogen atoms, found in many biologically important molecules.

Side Chain

A group of atoms attached to the main part of a molecule and having a composition and structure independent of the molecule's primary structure.