Which of the following corporate tax levies are imposed on an S corporation?
A)corporate income tax
B)corporate alternative minimum tax
C)accumulated earnings tax
D)None of these taxes are imposed on an S corporation.

Question

Quizplus · Accepted Answer

An S corporation is a pass-through entity, meaning that the corporate income is passed through to the individual shareholders and reported on their personal tax returns. Therefore, the S corporation does not pay corporate income tax, alternative minimum tax, or accumulated earnings tax.

Which of the Following Corporate Tax Levies Are Imposed on an S