What is double taxation? a. It is when two separate tax authorities tax the same
ID: 2479206 • Letter: W
Question
What is double taxation?
a.
It is when two separate tax authorities tax the same corporation.
b.
It is a situation that only affects sole proprietorships.
c.
It occurs when the business owner pays himself or herself a salary.
d.
It occurs when earnings are taxed once at the corporate level and then taxed a second time as personal income.
a.
It is when two separate tax authorities tax the same corporation.
b.
It is a situation that only affects sole proprietorships.
c.
It occurs when the business owner pays himself or herself a salary.
d.
It occurs when earnings are taxed once at the corporate level and then taxed a second time as personal income.
Explanation / Answer
It occurs when earnings are taxed once at the corporate level and then taxed a second time as personal income.
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