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In general terms, describe how the following entities are subject to the Federal income tax. (Answer only for the entity, not for its owners, beneficiaries,

In general terms, describe how the following entities are subject to the Federal income tax. (Answer only for the entity, not for its owners, beneficiaries, etc.)

a. C corporations (Subchapter C).

b. Partnerships (Subchapter K).

c. S corporations (Subchapter S).

d. Trusts and estates (Subchapter J).

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