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In​ ______, retained profits are taxed twice. A. proprietorships and partnerships B. ​partnerships, proprietorships, and corporations C. corporations D. partnerships and corporations
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In​ ______, retained profits are taxed twice.

A. proprietorships and partnerships
B. ​partnerships, proprietorships, and corporations
C. corporations
D. partnerships and corporations

User Mlabarca
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3 votes

Answer:

C. corporations

Step-by-step explanation:

Double taxation refers to when retained earnings are taxed twice. First retained earnings are taxed by company income tax. When the retained earnings are distributed owners still have to pay personal income tax

User SCouto
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