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BartSMP [9]
3 years ago
14

Which of the following statements regarding C corporation is false?

Business
2 answers:
dedylja [7]3 years ago
8 0

c corporation are generaly not subject

Vedmedyk [2.9K]3 years ago
7 0

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.


The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.

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Answer:

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d. credit to Salaries Payable for $8,600

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