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25 May, 23:36

Which of the following companies will experience double taxation because it is taxed as a separate legal entity?

A nonprofit corporation

B sole proprietorship

C partnership

D C corporation

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  1. 26 May, 02:32
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    The correct answer is D. C-Corporations. C-Corporations are effectively taxed two different times, which results in double taxation. They are taxed on their profits, and then the shareholders, upon getting their dividends, are also taxed on that income. This means that a C-Corporation is taxed two different times.
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