question 6\nwhat is double taxation in corporations?\nprofits are taxed twice at the state…

question 6\nwhat is double taxation in corporations?\nprofits are taxed twice at the state level\nshareholders pay twice as much as others\nprofits are taxed at both the corporate and shareholder level\nshareholders are taxed two times per year\nprofits are taxed before and after dividends are paid

question 6\nwhat is double taxation in corporations?\nprofits are taxed twice at the state level\nshareholders pay twice as much as others\nprofits are taxed at both the corporate and shareholder level\nshareholders are taxed two times per year\nprofits are taxed before and after dividends are paid

Answer

Brief Explanations:

Double - taxation in corporations occurs when corporate profits are first taxed at the corporate level as corporate income tax. Then, when these profits are distributed to shareholders as dividends, the shareholders are taxed on this dividend income at their individual tax rates.

Answer:

Profits are taxed at both the corporate and shareholder level