Question: answer Explain the difference between an S and a C corporation. (Select from the drop-down menus.) The profits and losses of the ) are passed

answer

Explain the difference between an S and a C corporation. (Select from the drop-down menus.) The profits and losses of the ) are passed directly to shareholders and are not subject to corporate taxes, while the ) must first pay taxes on any profits before passing the after-tax profits on to shareholders. In addition, the does not have any such restrictions on its shareholders can have no more than 100 shareholders, all of whom must be U.S. citizens or residents. The v

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