Question

Which of the following statements regarding C corporation is false?

Answer 1

c corporation are generaly not subject

Answer 2

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.

The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.