Multiple Choice
If a limited liability company (LLC) is taxed like a partnership, _____.
A) income passes through to the owners
B) income is taxed twice
C) the owners have unlimited tax liability
D) the shareholders pay taxes on dividends they receive after the company pays taxes on the money that is distributed
E) dividends are taxed at the capital gain rate
Correct Answer:
Verified
Correct Answer:
Verified
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