_____ 7.The lowest tax rate on the tax rate schedules for taxable incomes is the same for individuals and C corporations.

Name: _____ 7.The lowest tax rate on the tax rate schedules for taxable incomes is the same for individuals and C corporations.
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The lowest tax rate for individuals and C corporations is not the same; individuals have a progressive tax rate starting at 10%, while C corporations have a flat tax rate of 21%.

_____ 7The Lowest Tax Rate on the Tax Rate Schedules for for Taxable