What Is the Term for Ownership Structures Where Profits Go

question 33

Multiple Choice

What is the term for ownership structures where profits go straight to the owners and taxes are reported on each owner's individual tax return?

• A) pass-through taxation
• B) double taxation
• C) corporate taxation
• D) flat taxation

---

Definitions:

Schedule of Cost

A detailed report summarizing the types and amounts of costs incurred by a company.

Goods Manufactured

Items that have been completed through the manufacturing process and are ready for sale.

Cost

The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

Month

A unit of time, typically a portion of a year, based on the orbit of the moon around Earth, commonly comprising 28 to 31 days.