A Corporation Is Said to Have Double Taxation

question 83

Multiple Choice

A corporation is said to have double taxation.What is meant by this statement?

• A)The corporation pays double the tax rate of individuals.
• B)The corporation pays taxes on its income and its shareholders pay taxes on their dividends from the corporation.
• C)both a and b
• D)none of the above

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Definitions:

Sales Associate

An employee in retail or other industries who assists customers with purchases, providing product information, and ensuring customer satisfaction.

Outside Order Taker

A sales role focused on receiving and processing orders from customers, typically not responsible for proactive selling or customer acquisition.

Inventory Clerk

A professional responsible for managing and maintaining a company's inventory, including receiving, recording, and distributing materials or products.

Taking Inventory

The process of counting and recording the quantity and condition of items or assets currently held by an organization or individual.