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a. Explain the principal difference in the tax treatment of an S corporation and a C corporation. b. Why would a C corporation be used

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a. Explain the principal difference in the tax treatment of an S corporation and a C corporation. b. Why would a C corporation be used if an S corporation is generally exempt from tax? a. Explain the principal difterence in the tax treatment of an S corporation and a C corporation A C Corporation is reports his or her share of the income and for tax purposes is considered An S Corporation is Its income Each shareholder distributed

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