In the ________ form of ownership, the business itself pays income taxes.
A)proprietorship
B)partnership
C)corporation
D)All of the above

Question

Quizplus · Accepted Answer

Only corporations pay income taxes as a separate legal entity from their owners. Proprietorships and partnerships are considered pass-through entities where the profits and losses are reported on the owner's personal tax returns.

In the ________ Form of Ownership, the Business Itself Pays