With Respect to Taxes,the Sole Proprietorship

question 227

Multiple Choice

With respect to taxes,the sole proprietorship:

• A)Pays taxes on the profits of the business at the same rate that corporations pay taxes.
• B)Pays taxes on the profits of the business,at the owner's personal tax rate.
• C)Pays taxes only if there are no expenses associated with the business.
• D)Is permitted to determine its own tax rate and schedule of payments.

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