Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

a. True

b. False

Question

Business

Whiz

14 July, 18:08

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

a. True

b. False

+1

Answers (1)

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Shyla Mckay · Answer 1

True, profits of a large corporation are taxed twice, once a corporate income and again as personal income of stockholders. This is because the corporation is taxed when they earn the profit but then the stockholders are taxed as it is paid out as income/earnings.

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.a. Trueb. False

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

a. True

b. False