Examlex
Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Often used as an alternative to a partnership
Federal Income Tax
The tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Payroll Tax
Taxes imposed on employers or employees, based on the salary paid to employees.
Federal Personal Income Tax
A tax levied by the U.S. government on the annual income of individuals, households, and trusts.
Wages
Compensation provided to employees for their work, often determined on a per hour, per day, or per task completed basis.
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