_____ 18.The accumulated earnings tax and the personal holding company tax can both apply to a corporation in place of the regular corporate income tax.

Name: _____ 18.The accumulated earnings tax and the personal holding company tax can both apply to a corporation in place of the regular corporate income tax.
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The accumulated earnings tax and the personal holding company tax are additional taxes that can apply to a corporation, but they do not replace the regular corporate income tax.

_____ 18The Accumulated Earnings Tax and the Personal Holding Company Tax