Each of the following statements regarding C corporations is true EXCEPT: C corporations are entities that are separate from their owners for tax purposes. C corporations are generally subject to a graduated federal income tax rate. Shareholders of a C corporation have limited liability. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits. Guankis 6 of 8 incrementer san in ine: Mat har thow up Question 7 et B. Man for follow up Question 8 of 6 . Nome in 2018 and it is localed Home tnprovernent Creda? 5500 +1.006