What is the corporate statutory tax rate?

A. The actual rate at which a corporation's income is taxed
B. The tax rate set by the government that applies to the taxable income of corporations
C. The rate at which dividends are taxed
D. The rate at which capital gains are taxed

Correct Answer: B

The statutory tax rate may vary depending on the type of business, the location of the corporation, and the country's tax laws and regulations.