Examlex
Which of the following items would not appear as a column on a payroll register?
Partnership
A sanctioned business partnership consisting of at least two people who equally divide management tasks and profit earnings.
Proprietorship
A business owned and run by one individual, where there is no legal distinction between the owner and the business.
Corporation
A legal entity separate from its owners that is authorized to conduct business, own assets, incur liabilities, and pay taxes.
Limited Liability
A legal structure that limits the personal financial risk of the business owners, protecting their personal assets from the debts and liabilities of the business.
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