Although sole proprietors do not pay any special taxes, as the owner of the business you are also an employee of the business, which requires you to
A) pay income tax only one time each year.
B) pay self-employment taxes.
C) pay for the right to get an employee identification number.
D) file an income tax return for the business.

Question

Quizplus · Accepted Answer

Sole proprietors pay self-employment taxes such as Social Security and Medicare.

Although Sole Proprietors Do Not Pay Any Special Taxes, as the Owner