Ford is the sole proprietor of Go, a game subscription service. As a sole proprietor, on the business's profits, Ford pays

Name: Ford is the sole proprietor of Go, a game subscription service. As a sole proprietor, on the business's profits, Ford pays
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

As a sole proprietor, Ford's business income is reported on his personal income tax return, meaning he pays personal income taxes on the profits. Sole proprietorships do not pay separate business income taxes.

Ford Is the Sole Proprietor of Go, a Game Subscription