Author Question: Double taxation occurs because businesses pay ________. A) sales tax and income tax B) property ... (Read 37 times)

Deast7027 · **on:** Jul 5, 2018

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

Question 2

The period of time required to purchase supplies and services and convert them back into cash is the ___________________ _.
Fill in the blank(s) with correct word