An organization that does not pay income tax on its profits but passes it through to its owners who pay the tax at their individual rates is called a
A) business corporation.
B) flow-through tax entity.
C) tax-free business venture.
D) professional corporation.
Correct Answer:
Verified
Q1: Corporations have perpetual existence.
Q2: Debra wanted to form a partnership with
Q4: Social enterprises are organizations that pledge to
Q5: For those wishing to purchase a franchise,the
Q6: All the business forms listed below have
Q7: Generally,a joint venture is a partnership created
Q8: No formal steps are necessary to create
Q9: Alan,a dentist,and his wife Martha,an attorney,can protect
Q10: A partnership is a taxable entity,separate from
Q11: The most common form of business ownership
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