An entity that must pay its own income taxes is:
A) proprietorship.
B) partnership.
C) limited-liability company.
D) corporation.

Name: An entity that must pay its own income taxes is: A) proprietorship. B) partnership. C) limited-liability company. D) corporation.
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Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its owners and must pay income taxes on its earnings. The other options listed do not have this requirement as they are not considered separate entities for tax purposes.

An Entity That Must Pay Its Own Income Taxes Is