Match the following statements.
-C 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

C corporations are subject to double taxation, meaning the corporation itself is taxed on its income, and then shareholders are also taxed on any dividends they receive from the corporation.

Match the Following Statements