Robert Fischer is one of the owners of a ﬁrm which generated $18,000 in taxable income last year. Robert did not have to pay any personal tax on his share of the ﬁrm's income. Robert must be a
Partial owner of a:
A) Sole proprietorship.
B) General partnership.
C) Limited partnership.
D) Non-dividend paying corporation.
E) Limited liability company.

Question

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The Answer of Robert Fischer is one of the owners of a ﬁrm which generated $18,000 in taxable income last year. Robert did not have to pay any personal tax on his share of the ﬁrm's income. Robert must be a
Partial owner of a:
A) Sole proprietorship.
B) General partnership.
C) Limited partnership.
D) Non-dividend paying corporation.
E) Limited liability company.

Robert Fischer Is One of the Owners of a ﬁRm