A sole proprietorship does not pay taxes at the business level because ________.
A) it does not have a separate legal personality.
B) it is a small business that is exempted from taxation.
C) it is a not-for-profit organization.
D) it is generally an institution with no business dealings.
Correct Answer:
Verified
Q3: Which of the following statements is true
Q6: An association of two or more persons
Q7: The sole proprietor has _ liability.
A) zero
Q9: A _ is a document that is
Q10: Which of the following statements is true
Q12: The earnings and losses from a sole
Q13: Which of the following best describes an
Q27: An ordinary partnership is also known as
Q47: An organization or venture must have a
Q51: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents