Examlex
Match the items below with their descriptions:
-survival, security, belonging, respect, fulfillment
Property Taxes
Taxes paid by property owners on their real estate and personal property, usually imposed by local governments based on the assessed value of the property.
Flow-through
A business entity that passes income to the owners or investors, avoiding corporate income tax, including S corporations, partnerships, and sole proprietorships.
C Corporation
A corporate legal framework where the entity is distinct for tax purposes from its owners or shareholders.
S Corporation
A type of corporation that meets specific Internal Revenue Code requirements, allowing profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.
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