Ask Question
BusinessBusiness
18 February, 20:10

Which of the following companies will experience double taxation because it is taxed as a separate legal entity?

A nonprofit corporation

B sole proprietorship

C partnership

D C corporation

+2
Answers (1)
  1. 18 February, 22:56
    0
    The correct answer is D. C-Corporations. C-Corporations are effectively taxed two different times, which results in double taxation. They are taxed on their profits, and then the shareholders, upon getting their dividends, are also taxed on that income. This means that a C-Corporation is taxed two different times.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following companies will experience double taxation because it is taxed as a separate legal entity? A nonprofit corporation B ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Universal Containers CEO does not want to see the list of Contacts when viewing an Account page, but still needs to access Contact records. How should a System Administrator configure this? A.
Answers (1)
The ability to generate many new ideas is known as:
Answers (2)
Saskatchewan Forestry Company purchased a timber tract for $600,000 and estimates that it will be depleted evenly over its 10-year useful life with no residual value.
Answers (1)
In what order are the following financial statements prepared: (1) Balance sheet, (2) income statement, and (3) statement of stockholders' equity? A. 1, 2, 3. B. 3, 2, 1. C. 1, 3, 2. D. 2, 3, 1.
Answers (1)
After identifying various market segments that her company could pursue, Lisa evaluated each segmentâs attractiveness based on size, income, and accessibility. Lisa was involved in: A) diversification. B) market penetration estimation.
Answers (1)
New Questions in Business
Firm a is a new producer in the market for good x, which is characterized by linear demand and supply curves. initially, to attract customers, the firm prices its product low at $8 per unit.
Answers (1)
When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled apartment will be able to find one. a shortage of the apartments will develop. a surplus of apartments will emerge.
Answers (2)
Below is a common problem in which the payments are not the same time period as the interest rate or the time period.
Answers (1)
The following data were taken from the records of Action Company and Brown Company: (Data are in thousands) Action Company Brown Company Current assets $15,000 $10,000 Current liabilities $14,500 $5,000 Working capital $500 $5,000 Current ratio 1.
Answers (1)
Harcourt Manufacturing (HM) has the capacity to produce 10,000 fax machines per year. HM currently produces and sells 7,000 units per year. The fax machines normally sell for $100 each.
Answers (1)
Home » Business » Which of the following companies will experience double taxation because it is taxed as a separate legal entity? A nonprofit corporation B sole proprietorship C partnership D C corporation
Sign Up Forgot Password?