Which of the following statements regarding the current year tax treatment of corporate dividends is true?
A. All shareholders receiving dividend payments from U.S. corporations are entitled to a dividends-received deduction.
B. Dividends-received from foreign corporations are not eligible for the dividends-received deduction.
C. Dividend payments between members of an affiliated group of corporations filing a consolidated return are tax exempt.
D. Corporations are entitled to deduct dividend payments to shareholders in calculating corporate taxable income.
Answer: C
You might also like to view...
Describe the basic premise of motivational research and how it might be conducted
What will be an ideal response?
The ________ has had a role in trying to shore up some weaker European countries during the recent financial crisis, including making loans to Greece, Portugal, and Ireland.
A. World Bank B. IMF C. WTO D. EU E. GATT
List at least two ways one can be politically incorrect.
What will be an ideal response?
A negotiator who employs an unethical tactic will experience consequences that may be positive or negative. The consequences are based on what three aspects of the situation?
What will be an ideal response?