Provisions of the U.S. Tax Code for Corporations and Individuals Which source of investor income is susceptible to double taxation? O Interest earned O Dividends The applicable tax rate for S corporations is based on the: O Stockholders' individual tax rates O Corporate tax rate Blue Hamster Manufacturing owns 154,000 shares in the Black Sheep Broadcasting Company. If Black Sheep Broadcasting has 200,000 shares of common stock outstanding, can Blue Hamster file a single income tax return that reports the incomes and expenses of both companies? Yes, because Blue Hamster Manufacturing's ownership stake in Black Sheep Broadcasting is greater than or equal to 80%, as required by the U.S. Tax Code. O No, because Blue Hamster Manufacturing's ownership stake in Black Sheep Broadcasting is less than or equal to 79%, whereas 80% or more is required by the U.S. Tax Code. No, because Blue Hamster Manufacturing's ownership stake in Black Sheep Broadcasting is less than or equal to 40%, whereas 50% or more is required by the U.S. Tax Code