Which of the following is a taxable entity?
A) Corporation
B) Sole proprietorship
C) General partnership
D) S Corporation

Name: Which of the following is a taxable entity? A) Corporation B) Sole proprietorship C) General partnership D) S Corporation
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Question

Quizplus · Accepted Answer

A corporation is a taxable entity. On the other hand, a partnership and a sole proprietorship are not treated as taxable entities. S corporations are also taxed very much like a partnership in that no corporate tax is paid.

Which of the Following Is a Taxable Entity