which corporation uses a double layer of taxation?\nsole proprietorship\ns corporation\nc corporation\nlimite…

which corporation uses a double layer of taxation?\nsole proprietorship\ns corporation\nc corporation\nlimited liability company

which corporation uses a double layer of taxation?\nsole proprietorship\ns corporation\nc corporation\nlimited liability company

Answer

Brief Explanations:

C corporations are subject to double - layer taxation. First, the corporation pays income tax on its profits. Then, when dividends are distributed to shareholders, the shareholders pay personal income tax on those dividends. Sole proprietorships are taxed as pass - through entities, S corporations are pass - through entities avoiding double taxation, and limited liability companies can choose pass - through taxation.

Answer:

C. C corporation