Question

Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to partnerships.
True / False

Answer 1

Answer:

given statement is false

Explanation:

solution

the given statement is false because here  Double Taxation meaning that income are taxed in the hand  of corporation and then in the hand  of shareholders  

when dividends is distributed that does not meaning that the corporation pay  double the tax of partnerships

so we can say given statement is false