Question

What does double taxation mean?

a. For-profit businesses must pay both income taxes and property taxes.
b. Corporations pay income taxes on their profits, and stockholders pay taxes on their dividends.
c. Sole proprietorships and partnerships pay both personal income taxes and business income taxes.
d. Nonprofit organizations are exempt from paying either income taxes or property taxes.

Answer 1

B. Corporations pay income taxes on their profits, and stockholders pay taxes on their dividends.

Step-by-step explanation: