Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / In a sole proprietorship, the profits earned by the business are: A. taxed as income for...

In a sole proprietorship, the profits earned by the business are: A. taxed as income for the business, but exempt from the personal income tax paid by the owner. B. taxed at the lowest corporate

In a sole proprietorship, the profits earned by the business are:
 
A. taxed as income for the business, but exempt from the personal income tax paid by the owner.
 
B. taxed at the lowest corporate rate.
 
C. the property of the owner, except for taxes owed to the government.
 
D. tax-free if the appropriate exemption is filed with the local government.

May 12 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions