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15 February, 17:19

Which of the following statements regarding C corporation is false?

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Answers (2)
  1. 15 February, 18:32
    0
    c corporation are generaly not subject
  2. 15 February, 20:51
    0
    These are the choices I found on the internet:

    A. C corporations are generally not subject to corporate income tax.

    B. C corporations are separate entities for tax purposes.

    C. Shareholders of a C corporation have limited liability.

    D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.

    The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.
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