Question

Which statement best describes the concept of the "double taxation" of corporation income?-Corporate income is subject to two levels of taxation: the regular tax and the alternative minimum tax.-Corporate income is taxed twice at the corporate level: first when earned and then a second time if appreciated property is distributed to a shareholder.-Corporate income is taxed when earned by a C corporation and then a second time at the shareholder level when distributed as a dividend.-Corporate income is subject to two levels of taxation: at the federal level and a second time at the state level.Corporate income is taxed when earned by a C corporation and then a second time at the shareholder level when distributed as a dividend.Which of the

Answer 1

The first statement. Because it puts it in a perspective thats easier to understand, It is taxed the first time at corporate level. And again at the invesror, almost double jepodery.