True/False
When a corporation makes a profit,it must pay taxes on that amount. Then,when those profits are distributed to shareholders,each shareholder must again pay taxes on his or her individual amount. This process is called double taxation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: A manager who owns a used car
Q3: Janet Green was unsure of opening a
Q4: A noncompete agreement is a contract that
Q5: A person wants to apply for a
Q6: Which of the following is a not
Q8: A limited liability partnership (LLP)pays taxes as
Q9: A legal right granted by a national
Q10: Which of the following does not exist?<br>A)
Q11: Define complementary assets and explain when and
Q12: Which of the following statements is not