The term generally known as double taxation is due to

Select one:

a. that interest on shareholder dividends is taxed as income.

b. that corporate income is taxed at the corporate level, then taxed as a shareholder when the corporation's profits are paid as a dividend.

c. that shareholder dividends are taxed at the federal level and at the state level.

d. that corporate income is taxed at the federal level and at the state level.