Asked by Stone Jamison on Jun 29, 2024
Verified
Double taxation means that both
A) wage income and interest income are taxed, which is currently the case in the United States.
B) wage income and interest income are taxed, which is not currently the case in the United States.
C) the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.
D) the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.
Double Taxation
A phenomenon where income is taxed twice, typically once at the corporate level and again at the individual level when distributed as dividends.
Corporations
Legal entities that are separate from their owners, with the ability to own assets, incur liabilities, and sell stock.
Shareholders
Individuals or institutions that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.
- Identify the impacts of fiscal and monetary policies on saving, consuming, and investing activities.
Verified Answer
Learning Objectives
- Identify the impacts of fiscal and monetary policies on saving, consuming, and investing activities.
Related questions
Eliminating Double-Taxation Would Likely ...
Which of the Following Reduce the Incentive for Households to ...
Which of the Following Would Transfer Wealth from Old to ...
Discretionary Expansionary Fiscal Policy May Not Lead to _____ ...
In the National Income Accounting Identity Showing the Equality Between ...