Double taxation occurs because businesses pay ________.
A) sales tax and income tax
B) property taxes and income taxes
C) taxes on net income,and owners pay taxes on the remaining net income distributed as dividends
D) social security taxes for employees,and employees also pay the same amount for themselves
Correct Answer:
Verified
Q45: Wal-Mart is an example of a service
Q46: A corporation must be owned by two
Q47: Use this financial statement to answer the
Q48: Which organization should keep its financial records
Q49: Profit is the difference between revenues and
Q51: All businesses are formed to create something
Q52: When starting a business you should first
Q53: The main purpose of a not-for-profit business
Q54: A business is formed to provide goods
Q55: Profit is the difference between sales and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents