Corporate dividends represent:Multiple Choiceaftertax income from the corporation which becomes taxable income for the recipient.tax$-$free income for the recipient because they are distributions of pretax income.taxable income for both the corporation and the shareholder, whether or not dividends are paid to shareholders.tax$-$free income for the recipient because they are distributions of aftertax income.pretax income from the corporation which becomes taxable income for the recipient.