I need the explanation if question13 thankyou!

13) A corporation with $1,000,000 in taxable income, $10,000 of which is in the form of dividend 13) income, normally owes federal taxes of $1,020 on the dividend income. Answer: True False 14) A capital gain is the amount by which the proceeds from the sale of a capital asset exceeds its 14) depreciated (tax) book value. Answer: True : False 15) For the corporation, interest received on corporate and Treasury securities is fully taxable at 15) the federal level. Answer: True False 16) A Subchapter S corporation allows its owners to be taxed as though it were a partnership. 16) while still allowing them to keep the corporate form of organization. Answer: True False 17) Financial markets exist because all economic units do not invest all their savings in real assets. 17) Answer: True False 18) In a market economy, funds are allocated based on the size of the economic unit in need of 18) funds and the industry in which it operates. Answer: True "False 19) A new common stock issue would be sold in the primary capital market. 19) Answer:. True False