Which of the following statements regarding distribution of income of corporations is(are) true?
A) Corporations pay a lower rate of tax than individuals.
B) Dividends received by shareholders are taxed at a lower rate than other sources of income.
C) Corporations are able to claim more deductions and expenses than proprietorships and partnerships.
D) All of the answers are correct.
E) None of the answers apply.
Correct Answer:
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