Which of the following legal forms of organization's income is NOT taxed under individual income tax rate?

Question

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Income earned by a corporation is taxed separately at the corporate tax rate and is not subject to individual income tax rates. The other options (sole proprietorships, partnerships, and limited partnerships) are all pass-through entities where the income flows through to the owners and is taxed at their individual income tax rate.

Which of the Following Legal Forms of Organization's Income Is