Which one of the following statements is false? O A. The double tax on dividends

Question

Which one of the following statements is false? O A. The double tax on dividends likely makes C O A. The double tax on dividends likely makes C (regular) corporations less popular with small business owners B $10,000 withdrawn from a sole proprietorship and $10,000 paid as a dividend by a corporation is taxed differenty to the ownem cipients O C. The dividend received deduction does not eliminate the double tax on dividends for small business owners who are individuals. O D. Dividends paid are deductible to corporations.

Explanation / Answer

Solution: Dividends paid are deductible to corporations

Explanation: Dividends, unlike bonuses and salaries, are not tax-deductible, thus corporation must also pay taxes on them

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