Answer
First taxed as corporate income, then as individual income.
Work Step by Step
The profits of the company are taxed as such. Then, when it pays it's employees with that money, the money is taxed as individual income tax.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 12 - Part IV - The Design of the Tax System - Questions for Review - Page 253: 2
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