All of the following are accurate statements about corporations,except
A)a corporation does not compute adjusted gross income.
B)a corporation is not allowed a standard deduction.
C)dividends received from a domestic corporation do not receive any preferential treatment.
D)the limit on the charitable contribution deduction is 10% of taxable income (with certain adjustments).

Question

Quizplus · Accepted Answer

Dividends received from a domestic corporation may receive preferential treatment through qualified dividends, which are taxed at a lower rate than ordinary income.

All of the Following Are Accurate Statements About Corporations,except