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The Earnings of Corporations Are Taxed

Question 119

Multiple Choice

The earnings of corporations are taxed:


A) as if the business were a partnership.
B) at twice the going rate of a partnership or proprietorship.
C) by the federal government,but they are exempt from provincial taxes if the corporation owns any facilities within that province.
D) as income to the corporation,then again as income to the stockholders on earnings that are distributed as dividends.

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