Question
Which of the following entity has two layers of taxation (one at the entity level and one at the owner level)? A. A partnership. B.
Which of the following entity has two layers of taxation (one at the entity level and one at the owner level)?
A. A partnership.
B. An S corporation.
C. A limited liability company.
D. Corporation.
E. None of these is subject to two layers of taxation.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
