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Which of the following statements regarding a C corporation is TRUE? a)A C corporation is a separate entity for tax purposes. b)A C corporation passes

Which of the following statements regarding a C corporation is TRUE?

a)A C corporation is a separate entity for tax purposes.

b)A C corporation passes through business income, losses, deductions, and credits directly to shareholders.

c)Shareholders are generally held personally liable for the company's debts.

d)Shareholders may be subject to self-employment tax on their share of a corporation's profits.

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