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please show all work and explanations. 14. The personal holding company tax A) may be imposed regardless of the number of equal stockholders in a
please show all work and explanations.
14. The personal holding company tax A) may be imposed regardless of the number of equal stockholders in a corporation. B) may be eliminated by the payment of a deficiency dividend. C) qualifies as a tax credit, which may be used by the shareholders to reduce their individual income taxes. D) applies to any corporation whose shareholders satisfy the stock ownership requirementStep by Step Solution
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