- Specifically, how the treatment of the following items differs between individual and business income tax accounting:
- double taxation
- Using the following information for b and c, create a brief numerical result demonstrating the impact of different tax treatment for individuals versus businesses.
- For b, assume taxable income of a corporation is $100,000 and it subsequently pays out $100,000 in dividends to all its shareholders.
- For c, assume a corporation gets dividends of $10,000 from another company, and it happens to be in the 34% tax bracket versus an individual in any bracket.
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