Misha operates Napa Valley Runners, an athletic equipment shop, as a sole proprietorship. Taxes on the business's income are paid by

Question

Quizplus · Accepted Answer

As a sole proprietorship, Napa Valley Runners is not considered a separate legal entity from Misha. Therefore, Misha is responsible for paying taxes on the business's income on her personal tax return. The business itself does not pay taxes separately.

Misha Operates Napa Valley Runners, an Athletic Equipment Shop, as a Sole