Which of the following forms of business organizations does $\underline{\text{not}}$ have the pass-through feature of income and losses?
A)partnership
B)limited partnership
C)S corporation
D)corporation

Question

Quizplus · Accepted Answer

A corporation does not have the pass-through feature of income and losses. Instead, the corporation is an independent legal entity that is responsible for its own taxes and liabilities. The income earned by the corporation is taxed at the corporate level, and then any earnings that are distributed to shareholders as dividends are subject to individual income tax.

Which of the Following Forms of Business Organizations Does not‾\underline{\text{not}}not​ Have the Pass-Through Feature of Income and Losses? A)partnership B)limited

Which of the Following Forms of Business Organizations Does $\underline{\text{not}}$ Have the Pass-Through Feature of Income and Losses?
A)partnership
B)limited