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In: Accounting2.) Define pass-through taxation. What business entitieshave pass-through taxation?3.) What is the benefit of...2.) Define pass-through taxation. What business entitieshave pass-through taxation?3.) What is the benefit of a corporation electing to betaxed as a S-corporation? What are the limitations of a companymaking this election.4.) What factors affect the tax treatment ofcorporate distributions?5.) A corporation currently has income solely generatedwithin the United States. However, next year the corporation plansto extend into foreign markets. What tax issues mayarise?
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