Answered: Both dividends and interest income…

Both dividends and interest income received by a corporation are taxed as ordinary income at regular corporate tax rates. True False

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter3: Organizing And Financing A New Venture

Section3.3: Choosing The Form Of Organization: Tax And Other Considerations

Problem 1CC

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Question

Both dividends and interest income received by a corporation are taxed as ordinary income at regular corporate tax rates.

True

False

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