Which Statement Best Describes the Concept of the "Double Taxation

Which statement best describes the concept of the "double taxation" of corporation income?

A) Corporate income is subject to two levels of taxation: the regular tax and excess profits tax.
B) Corporate income is taxed twice at the corporate level: first when earned and then a second time if appreciated property is distributed to a shareholder.
C) Corporate income is taxed when earned by a C corporation and then a second time at the shareholder level when distributed as a dividend.
D) Corporate income is subject to two levels of taxation: at the federal level and a second time at the state level.