Which of the following statements is correct regarding partnership or corporation tax rates? a. C corporations pay a single level of tax on corporate income at rates up to 35% b. C corporations pay tax at 21% and the shareholders pay a second tax of 37% when dividends are distributed C. Partners pay a single tax on their distributive shares of income at the tax rate that applies to the partner's situation. d. Partners pay tax on their distributive shares of income at 3796