The ordinary income of a corporation is income earned through the sale of goods or services and is currently taxed subject to the individual income tax rates.

Name: The ordinary income of a corporation is income earned through the sale of goods or services and is currently taxed subject to the individual income tax rates.
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Question

Quizplus · Accepted Answer

The statement is false. The ordinary income of a corporation is taxed at the corporate tax rate, not the individual income tax rates.

The Ordinary Income of a Corporation Is Income Earned Through