tributions identified in Provion for 2022 . tax dividends paid deductione following statements regarding Understanding the PHC Taxi Indicate true or false. the personal holding company and, if applicable, must be paid in addition to the a. The PHC tax is self-assessed a b. An S corporation or partnership mat its shareholders did not intend to use it as a c. A corporation that can prove that PHC tax. tax shelter is not subject to the PHC tax. d. A publicly traded corporation nom derives virtually all of its income from leasing operations e. A corporation that derives not risk the PHC tax, even though such income is normally consid. f. Federal income taxes reduce the base on which the PHC tax is assessed. ered passive. g. Long-term capital gains are not subject to the PHC tax. h. A corporation that consistently pays dividends normally would not be subject to the PHC tax. i. Throwback dividends are available to reduce the corporation's potential liability without limitation. j. Corporations without cash or property that they can distribute cannot benefit from the dividends-paid deduction. k. The PHC tax is not truly a risk because of the deficiency dividend procedure. 1. A corporation may be required to pay both the accumulated earnings tax and the personal holding company tax in the same year