Which of the following statements is true of corporations in 2022? Question 7 options: Income of all corporations is taxed in the same way that income of partnerships is taxed. A corporation's charitable contribution deduction is limited to 25 percent of the corporation's taxable income. Capital losses of a corporation may be deducted from ordinary income, subject to an annual limitation. If a corporation has a long-term capital loss that is carried back, it is treated as a short-term capital loss.