A corperation business income is taxed in the following? The income earned by th

Question

A corperation business income is taxed in the following? The income earned by the corporation is taxed to the enitity Only the board of directorsbpay tax on the income earned All corporation income is passed through to the individual shareholders. The individual shareholders pay tax on their share of the income The income is not taxed at the entity level. And only distrubution are taxed to the shareholders A corperation business income is taxed in the following? The income earned by the corporation is taxed to the enitity Only the board of directorsbpay tax on the income earned All corporation income is passed through to the individual shareholders. The individual shareholders pay tax on their share of the income The income is not taxed at the entity level. And only distrubution are taxed to the shareholders The income earned by the corporation is taxed to the enitity Only the board of directorsbpay tax on the income earned All corporation income is passed through to the individual shareholders. The individual shareholders pay tax on their share of the income The income is not taxed at the entity level. And only distrubution are taxed to the shareholders

Explanation / Answer

The income earned by the corporation is taxed to the enitity

A coporation is taxed on the profits it earned.

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