A ________ is an organizational form that treats a firm as a unique entity and is responsible for its own taxes.

Question

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Subchapter C Corporation, also known as C-Corporation, treats a firm as a separate entity, responsible for its own taxes, and separate from its owners. This means that the corporation itself pays its own taxes on its profits, and its shareholders also pay taxes on their individual incomes for any dividends received.

A ________ Is an Organizational Form That Treats a Firm