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Author Question: Partnerships, limited liability partnerships, limited liability companies, and C corporations are ... (Read 68 times)

jessicacav

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Question 1

Income of a C corporation is subject to an initial tax at the corporate level and the shareholders are subject to a second tax if the corporation pays dividends from its earnings and profits.
◦ true
◦ false

Question 2

Partnerships, limited liability partnerships, limited liability companies, and C corporations are considered flow-through entities for tax purposes.
◦ true
◦ false


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Marked as best answer by jessicacav on Sep 13, 2020

Pswine

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jessicacav

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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