If the Business Is Designated a Sole Proprietorship, Profits Are

question 164

True/False

If the business is designated a sole proprietorship, profits are passed along to the owner. For tax purposes, these profits are accounted for with any other personal income the owner may have accumulated and taxed at the owner's personal income tax rate.

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Definitions:

Independent Variable

The variable in an experiment that is manipulated by the researcher to examine its effect on the dependent variable.

Random Assignment

A method used in experiments where participants are allocated to different groups in a manner that is determined by chance.

Manipulated

Altered or controlled in a deliberate way, often used in the context of variables in experimental research.

Variable

An element, feature, or factor that is liable to vary or change.