Which of the following statements about corporations is true?
A) Corporations must distribute profits at the end of each year.
B) Corporate tax rates are always higher than individual tax rates.
C) Corporations utilize pass-through taxation.
D) Corporations can deduct certain business expenses that other forms of business can't, which could lower the amount of money subject to taxes.

Question

Quizplus · Accepted Answer

Corporations can deduct certain business expenses that other forms of business can't, which could lower the amount of money subject to taxes.

Which of the Following Statements About Corporations Is True