What are some aspects of business that require knowledge of taxation? What are some aspects of personal finance that require knowledge of taxation? Describe some ways in which taxes affect the political process in the United States

How does the federal income tax system treat dividends receivedby a corporation versus those received by an individual?

Taxes affect many financial decisions. Explain how (a)interest and dividend payments are treated for tax purposes, from both a company’s and an investor’s perspective, and (b) how dividends and capital gainsare treated for tax purposes by individuals. In youranswers, explain how these tax treatments influencecorporations’ and investors’ behavior

1.Details the tax liability of corporations to the IRS. 2.Identifies the similarities and differences in the tax liability of corporations, individuals, partnerships, and self-employed business owners in the United States.