hat term describes initial taxation of profits at the company level, and subsequent taxation at the shareholder level? O federal and state level tax dispersion O double taxation of income O tiered dividend income/capital gains tax rates O pass through taxation O None of the listed selections are correct AMoving to another question will save this response.

hat term describes initial taxation of profits at the company level, and subsequent taxation at the shareholder level? O federal and state level tax dispersion O double taxation of income O tiered dividend income/capital gains tax rates O pass through taxation O None of the listed selections are correct AMoving to another question will save this response.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The three leading candidates for best tax base are A. Income, consumption and wealth OB. Income, consumption and estates OC income, estates and wealth OD. Income, wealth and gifts Indicate whother the following statements are true (T) or false (F) When comparing an income and consumption as the base for tax, atention must be paid to whether or not the tax is progressive or regressive
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Would would an investor prefer to receive a distribution as a repurchase (capital gain)? Answers: Lower tax rate on dividends than capital gains Higher tax rate on dividends than capital gains Greater certainity Greater uncertainity
A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax? Oa. Type of Difference Permanent Ob. Ives of Difference Permanent Oc. Ives of Difference Temporary Od. Type of Difference Temporary Deferred Tax Asset Deferred Tax Liability Deferred Tax Asset Deferred Tax Liability
Is it possible for shareholders to defer or avoid the second level of tax on corporate income altogether? Briefly explain.
This answer is wrong . please give me the right answer.
The profit was first taxed in the corporate level and then taxed on the personal level. This is a. Unjust taxation b. Tiered taxation c. Double taxation d. Purposeful taxation
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What is an excess dividend? (RE&CF 4) Dividends that liquidate retained earnings Dividends that exceed investor expectations Dividends that terminate ownership Dividends that result in additional tax consequences
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