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Indicate whether the following statements are "True" or "False" regarding the tax treatment of various...

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Accounting

Indicate whether the following statements are "True" or "False" regarding the tax treatment of various forms of conducting a business.
a. The income of a C corporation is subject to double taxation.
False
b. The tax attributes of income and expense items of a C corporation pass through the corporate entity to the shareholders.
False
c. The net income of a proprietorship is subject to the self-employment tax, as are some partnership allocations of income to partners.
d. No entity-level Federal income tax is typically assessed on S corporations, limited liability companies (LLCs), or partnerships.

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