All of the following about taxation of businesses are correct EXCEPT:
A) Business income is taxed at corporate rates.
B) Partnerships are taxed at the same rate as the individual owners.
C) Partnerships have a special tax table.
D) Sole proprietorships are taxed at the same rate as the owner.

Question

Quizplus · Accepted Answer

Partnerships do not have a special tax table. They are taxed at the same rate as the individual owners.

All of the Following About Taxation of Businesses Are Correct