What is meant by the term "double taxation"?
A. In a partnership, both partners are required to claim their share of net income on their tax returns.
B. Corporations must pay income taxes on their net income, and their stockholders must pay income taxes on their dividends.
C. A sole proprietorship must pay income taxes to both the state government and the federal government.
D. A sole proprietorship must pay income taxes on its net income and the owner is also required to pay income taxes on withdrawals.
Answer: B
You might also like to view...
J. Lovett, bookkeeper, incorrectly recorded the payment of rent as $5,200 . The rent should have been recorded as $2,500 . This is an example of
a. a slide and transposition. b. a transposition. c. a slide. d. None of the answers listed
The service quality model suggests that:
A) quality of services is determined by customer perceptions. B) standardized methodologies are needed to measure the quality of services. C) service quality is costlier than manufactured products' quality. D) there are numerous stages in the quality measurement of services.
List seven graphic devices to use for data illustration and interpretation; include a major objective or purpose for each
Supply chain decisions are not generally strategic in nature, because purchasing is not a large expense for most firms
Indicate whether the statement is true or false