Question

The personal holding company taxA. applies to any corporation whose shareholders satisfy the stock ownership requirement.B. may be eliminated by the payment of a deficiency dividend.C. may be imposed regardless of the number of equal stockholders in a corporation.D. qualifies as a tax​ credit, which may be used by the shareholders to reduce their individual income taxes.

Answer 1

B. may be eliminated by the payment of a deficiency dividend

Step-by-step explanation: