Match the following statements.
-S corporations
A)Usually subject to single taxation even if the entity is incorporated.
B)Not making distributions to shareholders.
C)Rate for a corporate taxpayer is 21%.
D)Subject to double taxation.
E)Eligible for special allocations.

Question

Quizplus · Accepted Answer

S corporations are usually subject to single taxation, meaning the income is taxed at the shareholder level, not at the corporate level, avoiding the double taxation common with C corporations.

Match the Following Statements