Which of the following describes corporate income taxes?Multiple choice question.The after-tax profits that are distributed to shareholdersTaxes levied on corporations' net earnings and flow to the governmentMonies saved by corporations to be invested later in new plants and equipmentA conflict of interest between a principal and an agent

Multiple Choice QuestionIn the United States, the federal government taxes which of the following?Multiple choice question.Corporate earnings but not shareholder dividendsNeither corporate earnings nor shareholder dividendsCorporate earnings and shareholder dividendsShareholder dividends but not corporate earnings

Multiple Choice QuestionWhen a corporation pays a tax on its profits and individual stockholders each pay tax on dividends distributed by the corporation, it is called ______.Multiple choice question.double taxationa stock optionreturn taxessplitting the stock

A major advantage of the corporate form of ownership is ______.Multiple choice question.that corporate earnings aren't taxed until they are distributed to owners as dividendsease of formationlimited legal liabilitylimited lifeunlimited legal liability

Which of the following statements is  NOT correct?A.One cannot tax both  the company and the shareholder for the same profit.B.Companies had paid 30% tax before distributing their dividends.C.The tax already paid by the company will offset the shareholder taxes that are due.D.The shareholder needs to include the dividend after tax into his or her taxable income.

Multiple Choice QuestionA limited liability company is taxed like a(n) _______.Multiple choice question.S corporationpartnershipcorporationsole proprietorship