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QUESTION

The practice generally known as double taxation is due to: shareholders' dividends being taxed at both the federal and state levels.

The practice generally known as double taxation is due to:

A. shareholders' dividends being taxed at both the federal and state levels.

B. corporate income being taxed at both the federal and state levels.

C. interest on shareholders' dividends being taxed as income.

D. corporate incomes being taxed at the corporate level, then again at the shareholder level when corporate profits are paid out as dividends.

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