Tina is the owner of a piano tuning business. As a sole proprietor, any profit she earns is:

Name: Tina is the owner of a piano tuning business. As a sole proprietor, any profit she earns is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As a sole proprietor, Tina is classified as a pass-through entity for tax purposes. This means any profit she earns is not taxed at the business level, but rather is reported on her personal tax return as income. Therefore, the profit is treated as personal income of Tina.

Tina Is the Owner of a Piano Tuning Business