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A major disadvantage of corporations is double taxation, which means: a ) corporations pay taxes on profits and shareholders pay taxes of dividends. b )
A major disadvantage of corporations is double taxation, which means:
a
corporations pay taxes on profits and shareholders pay taxes of dividends.
b
corporate profits are subject to both federal and state income taxes.
c
corporate tax rates are twice as high as individual tax rates.
d
corporations pay both income taxes and payroll taxes.
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