Which of the following companies is taxed at a flat rate of 21 percent?
A) An auto parts manufacturing corporation with taxable income of $73,000.
B) A single-owner corporation involved in the retail sale of apparel.
C) A family-owned shoe store with earnings of $224,000 in 2019.
D) All of the above are taxed at a flat rate of 21 percent.
Correct Answer:
Verified
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