Which of the following forms of business have flow-through taxation?
A) Apple Inc.
B) IBM Corporation
C) Deloitte & Touche LLP
D) Microsoft Corporation

Question

Quizplus · Accepted Answer

Deloitte & Touche LLP is a partnership, and partnerships have flow-through taxation, meaning the income is passed through to the partners and taxed on their individual tax returns. Corporations like Apple Inc., IBM Corporation, and Microsoft Corporation are subject to corporate taxation.

Which of the Following Forms of Business Have Flow-Through Taxation