American Business Machines is organized as a corporation.Its income will be taxed first at the corporate level and also on shareholder returns as dividends.This situation is known as ________.

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Double taxation refers to the situation where a corporation's income is taxed at both the corporate level and on shareholder returns as dividends. This can result in higher taxes for both the corporation and its shareholders. Dual costs, regulatory costs, and double ownership are not terms commonly associated with this situation.

American Business Machines Is Organized as a Corporation