16. Double taxation refers to a. Taxing high income earners a tax equal to double what low income eamers pay b. Corporations not being able to deduct interest when calculating their income tax liability for their financial statements Page 4 1 C. Paying income taxes on profits at the corporate level and then shareholders paying income taxes when they receive dividond checks from that same corporation d. Withholding federal income taxes from your paycheck and having your employer match that amount. 17. Reasons for the recent surge in the number of acquisitions include a. Low interest rates and the inability of many corporations to further cut their costs b. Sometimes it is cheaper to acquire new technology than to develop it c. In a sluggish economy it might be a good way to grow d. All of the above