Match the following statements.
-Partnerships
A)Usually subject to single taxation even if the entity is incorporated.
B)Not making distributions to shareholders.
C)Rate for a corporate taxpayer is 21%.
D)Subject to double taxation.
E)Eligible for special allocations.

Question

Quizplus · Accepted Answer

Partnerships are eligible for special allocations, which allow them to allocate income, deductions, and credits in a manner that may not be proportional to ownership interests.

Match the Following Statements