Question
Which of the following is a penalty tax that may be levied on a corporation, particularly a closely held corporation, that does not pay dividends
Which of the following is a penalty tax that may be levied on a corporation, particularly a closely held corporation, that does not pay dividends and does not establish a reasonable need to avoid dividend payouts?
Question options:
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| a. Accumulated Earnings Tax |
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| b. Environmental Tax |
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| c. Built-in Gains Tax |
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Introduction To Accounting
Authors: Peter Scott
2nd Edition
0198849966, 978-0198849964
