Which of the Following Statements About the Taxation of Partnerships

question 24

Multiple Choice

Which of the following statements about the taxation of partnerships is true?

• A)Both the partnership and the individuals are taxed for any profits earned.
• B)Partnerships file tax returns but pass profits and losses on to partners who report them on their tax returns.
• C)Partnerships use corporate tax rates in filing returns.
• D)Partnerships are limited in taxes depending on number of partners.
• E)None of the above about the taxation of partnerships is true.

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