Which of the following is a taxable entity?
A) A partnership
B) An S corporation
C) A limited liability company
D) A corporation
E) A sole proprietorship

Name: Which of the following is a taxable entity? A) A partnership B) An S corporation C) A limited liability company D) A corporation E) A sole proprietorship
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Question

Quizplus · Accepted Answer

Corporations must pay income taxes on their earnings. The fact that there is a separate corporate income tax may work as an advantage.

Which of the Following Is a Taxable Entity