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Advantages for incorporating a small retail business as a C corporation include which of the following? (1) Accumulating income at lower tax rates on the

Advantages for incorporating a small retail business as a C corporation include which of the following? (1) Accumulating income at lower tax rates on the first $75,000 (2) Withdrawing accumulated profits at capital gain rates (3) Providing tax-favored fringe benefits to shareholders (4) Changing the form of business with ease once a corporation has been formed

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