Which form of organization is subject to double taxation?
A)Sole proprietorship
B)Corporation
C)Partnership
D)Limited partnership

Name: Which form of organization is subject to double taxation? A)Sole proprietorship B)Corporation C)Partnership D)Limited partnership
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Question

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Corporations are subject to double taxation, where the business profits are taxed at the corporate level, and then the dividends paid out to shareholders are taxed again at the individual level.

Which Form of Organization Is Subject to Double Taxation