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1. LO.1, 6 Eggshell, Inc., a C corporation, operates a rental clothing store, and its profits are subject to double taxation. First Church of the

1. LO.1, 6 Eggshell, Inc., a C corporation, operates a rental clothing store, and its profits are subject to double taxation. First Church of the States operates a retail gift shop and bookshop and is not subject to taxation. What is the explanation for this difference in Federal income tax treatment?

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