Which of the following, if any, correctly describes the primary difference between a Subchapter C corporation and a Subchapter S corporation?

Multiple Choice

A Subchapter S corporation, like a partnership, is viewed under the entity concept which results in taxation at the owner level, not the entity level. A Subchapter C corporation is taxed at the aggregate level.

A Subchapter S corporation, like a partnership, is viewed under the aggregate concept which results in taxation at the owner level, not the entity level. A Subchapter C corporation is taxed at the entity level.

A Subchapter S corporation, like a partnership, is viewed under the aggregate concept which results in taxation at the entity level, not the aggregate level. A Subchapter C corporation is taxed at the owner level.

A Subchapter S corporation, like a partnership, is viewed under the aggregate concept which results in taxation at the owner level, not the entity level. Because a Subchapter C corporation is taxed at the entity level, a Subchapter C corporation deducts the dividends it pays.

None of the other choices are correct.