ades Databases Question Completion Status: Moving to another question will save this response. Question 15 of 17 Question 15 Which of the following statements is CORRECT 1 points Seve Answer Oa. Congress recently changed the tax laws to make dividend income received by individuals exempt from income taxes. Prior to the enactment of that law, corporate income was subject to double taxation, where the firm was first taxed on the income and stockholders were taxed again on the income when it was paid to them as dividends. Ob. The income of certain small corporations that qualify under the Tax Code is completely exempt from corporate income taxes. Thus, the federal govemment receives no tax revenue from these businesses Oc Small businesses that qualify under the Tax Code can elect not to pay corporate taxes, but then their owners must report their pro rata shares of the firm's income as personal income and pay taxes on that income Od. All corporations other than non-profit corporations are subject to corporate income taxes, which are 15% for the lowest amounts of income and 35% for the highest amounts of income Oe. All businesses, regardless of their legal form of organization, are taxed under the Business Tax Provisions of the Internal Revenue Code Moving to another question will save this response. hp Question 15 of 17 222 PM 4/2002