In a partnership,the income is taxed at the partnership level as well as at the personal level of the owners.

Name: In a partnership,the income is taxed at the partnership level as well as at the personal level of the owners.
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In a partnership, the income is not taxed at the partnership level. Instead, it is passed through to the partners who then report their share of profits and losses on their personal tax returns.

In a Partnership,the Income Is Taxed at the Partnership Level