Earnings of C (Conventional) Corporations Can Be

Multiple Choice

Earnings of C (conventional) corporations can be:

A) Taxed twice if they are distributed as dividends to stockholders.
B) Taxed at twice the going rate of a partnership or sole proprietorship.
C) Taxed by the federal government, but they are exempt from state taxes if the corporation owns any facilities within that state.
D) Taxed the same as a partnership.