In the double taxation endured by some businesses, ________ is the first taxation and ________ is the second taxation.

Name: In the double taxation endured by some businesses, ________ is the first taxation and ________ is the second taxation.
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Question

Quizplus · Accepted Answer

In double taxation, the first taxation is the corporate tax on the profits earned by the company, and the second taxation is the tax levied on the dividends paid to the shareholders. Therefore, option C best describes the double taxation scenario.

In the Double Taxation Endured by Some Businesses, ________ Is