Ray is starting a new business and trying to decide between a C corporation,S corporation and partnership.Which of the following statements regarding his decision is correct?

Ray is starting a new business and trying to decide between a C corporation,S corporation and partnership.Which of the following statements regarding his decision is correct?
A)An S corporation owner must pay income taxes only on the salary received.
B)A partner in a partnership is taxed on his or her share of partnership income.
C)A shareholder in a C corporation is taxed on his or her share of corporate income.
D)S corporations pay taxes on their current year income.


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