A Partnership Is Not Taxed

question 24

True/False

A partnership is not taxed.Instead individual partners pay taxes on their share of the earnings.

---

Definitions:

Wealth

An abundance of valuable possessions or money, or the state of controlling or owning such resources.

Religion

A structured system of beliefs, practices, and worship dedicated to a higher power or deity.

Freedom

Autonomy or right of individuals to behave, articulate, or theorize as they wish, without any impediment or limitation.