A Single-Member LLC Is Taxed as a Partnership

question 69

True/False

A single-member LLC is taxed as a partnership.

---

Definitions:

Disposable Income

Disposable Income is the amount of money that households have available for spending and saving after income taxes have been accounted for, directly influencing consumption and savings behavior.

Saving

The act of setting aside a portion of current income for future use or investment, contributing to individual financial security and potential economic growth.

Disposable Income

Post-tax funds households can use for expenditure and savings.

Induced Consumption

Consumer spending that is influenced by changes in income levels, as opposed to spending that is not influenced by such changes.