F operates his computer repair business as a sole proprietorship.His sole proprietorship's taxable income is subject to tax using the corporate tax rates since it is a business.

Name: F operates his computer repair business as a sole proprietorship.His sole proprietorship's taxable income is subject to tax using the corporate tax rates since it is a business.
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Question

Quizplus · Accepted Answer

As a sole proprietorship, the taxable income would be reported on F's personal tax return using individual tax rates, not corporate tax rates.

F Operates His Computer Repair Business as a Sole Proprietorship