Why does a sole proprietorship not pay taxes at the business level?
A) It is not a separate legal entity from the owner.
B) It is a small business that is exempted from taxation.
C) It is a not-for-profit organization.
D) It is generally an institution with no business dealings.
Correct Answer:
Verified
Q6: The designation of d.b.a. (doing business as)
Q7: The sole proprietor has _ liability.
A) zero
Q8: Which of the following is true of
Q9: A _ is a document that is
Q10: A trade name statement refers to a
Q12: The earnings and losses from a sole
Q13: Which of the following is true of
Q14: Orlando opened a hot dog stand in
Q15: The designation of _ is used for
Q16: The income or loss from a sole
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