Profits of sole proprietorships ________.
A) reach shareholders through intermediaries
B) flow directly to the owners
C) are considered fixed assets
D) are taxed at corporate rates
E) are subject to double taxation

Question

Quizplus · Accepted Answer

A)Profits and losses of sole proprietorships flow directly to the owners and are taxed at individual rates.
B)Profits and losses of sole proprietorships flow directly to the owners and are taxed at individual rates.
C)Profits and losses of sole proprietorships flow directly to the owners and are taxed at individual rates.
D)Profits and losses of sole proprietorships flow directly to the owners and are taxed at individual rates.
E)Profits and losses of sole proprietorships flow directly to the owners and are taxed at individual rates.

Profits of Sole Proprietorships ________