Although over half of all corporations select the S corporation status when filing taxes,these firms generate only around 25 percent of the total revenues provided by corporations.

Question

Quizplus · Accepted Answer

S corporations are chosen by many small businesses for their tax benefits, but larger corporations, which generate a significant portion of total corporate revenue, often operate as C corporations, leading to a disproportionate revenue generation compared to the number of S corporations.

Although Over Half of All Corporations Select the S Corporation