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.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: The form of business ownership best suited
Q25: One disadvantage of a limited liability company
Q30: Maya plans to open a shop specializing
Q71: Adam is a major stockholder in Precision
Q142: If a partner in a limited partnership
Q249: A franchise may be organized as a
Q257: Midas Muffler sells franchises to prospective businesspersons
Q269: An alien corporation does business abroad but
Q282: A drawback of sole proprietorships is that
Q284: Corporations are easy to start and easy