A sole proprietorship does not does not pay taxes at the business level.

Name: A sole proprietorship does not does not pay taxes at the business level.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A sole proprietorship is not considered a separate legal entity from its owner. Therefore, the business income and expenses are reported on the owner's personal income tax return and taxed at the individual level. The business itself does not pay income taxes at the business level.

A Sole Proprietorship Does Not Does Not Pay Taxes at the Business