In which of the following do profits from a business go straight to the owners, who then report their share of profits (or losses) in the business on their individual tax returns?
A) corporate dual taxation
B) pass-through taxation
C) single taxation
D) profit rate taxation

Question

Quizplus · Accepted Answer

The option that describes this type of taxation is pass-through taxation, where the profits from the business are not taxed at the corporate level, but instead, pass through to the owners, who report their share of profits or losses on their individual tax returns.

In Which of the Following Do Profits from a Business