Bundle: Fundamentals of Financial Management, Loose-leaf Version, 14th + LMS Integrated for MindTap Management, 2 terms (12 months) Printed Access Card
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Chapter 3, Problem 11Q
Summary Introduction

To explain: The double taxation and possibilities of triple taxation of corporate income.

Introduction:

Double Taxation: The double taxation is a result of taxes applicable on corporate and individual levels. A corporation pays tax on its earnings and then distributes the dividends. Now the individual investors need to pay the tax on dividends received on their investment.

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