A corporation’s income is taxed
A. on a quarterly basis.
B. when the returns are distributed to its owners.
C. at very low rates to compensate for its unlimited liability.
D. at the corporate level and at the level of its stockholders.
Answer: D
You might also like to view...
If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be
A) $5 per unit. B) $25 per unit. C) $40 per unit. D) $20 per unit.
Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?
A) $19
B) $21
C) $36
D) $38
Consider two resource markets in which the demand curves slope downward. In market A, the supply curve is horizontal, equilibrium price is $6, and 100 units of the resource are hired. In market B, the supply curve is vertical, equilibrium price is $20, and 30 units of the resource are hired. Which of the following is true?
a. All of the resource earnings in market A are economic rent. b. All of the resource earnings in both markets are economic rent. c. All of the resource earnings in market B are economic rent. d. None of the resource earnings in either market is an opportunity cost. e. None of the resource earnings in either market is economic rent.
The output of our economy is represented by the letter _____ in the equation of exchange.
A. M B. V C. P D. Q