_____ 11.Partnerships and S corporations are flow-through entities.

Name: _____ 11.Partnerships and S corporations are flow-through entities.
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Partnerships and S corporations are considered flow-through entities for tax purposes, which means that the income, deductions, and credits of the business flow through to the owners' personal tax returns. The business itself does not pay income taxes.

_____ 11.Partnerships and S Corporations Are Flow-Through Entities