The personal holding company penalty tax rate is 15% 35% 10% 20% The personal holding...
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Accounting
The personal holding company penalty tax rate is
15%
35%
10%
20%
The personal holding company tax
Qualifies as a tax credit which may be used by the shareholders to reduce their individual income taxes
Applies to any corporation whose shareholders satisfy the stock ownership requirements
May be imposed regardless of the number of equal stockholders in a corporation
May be eliminated by the payment of a deficiency dividends
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