South-Western Federal Taxation 2022 Essentials of Taxation Individuals and Business Entities 25th ed

a corporation.
ANSWER: A corporation pays many types of taxes, but like any other expenditure, some of these taxes are ultimately
paid by an individual. Income taxes are included in the price the corporation charges for goods and services.
Or all or part might result in reduced earnings affecting investors or through reduced wages affecting
employees. The payroll taxes paid by the corporate employer are likely borne by workers in the form of lower
wages. That is, if the employer did not have to pay the taxes, it could pay higher wages to employees. These
taxes might also be borne by customers and investors.