Which of the following types of business organizations is subject to "double taxation" of business income?

Question

Quizplus · Accepted Answer

C corporations are subject to "double taxation" of business income, where the profits of the corporation are taxed at the corporate level and again at the individual level when distributed as dividends to shareholders. Limited partnerships, limited liability companies, and S corporations are not subject to double taxation.

Which of the Following Types of Business Organizations Is Subject