SIE Exam Practice Question 570
Question: 570
Which of the following passes capital gains, dividends, and interest earned on fund investments directly to shareholders so that it is taxed only at the personal level, and double taxation is avoided?
Correct Answer: B
Explanation:
A regulated investment company passes capital gains, dividends, and interest earned on fund investments directly to shareholders so that it is taxed only at the personal level, and double taxation is avoided.
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