Although Sole Proprietors Do Not Pay Any Special Taxes, as the Owner

question 210

Multiple Choice

Although sole proprietors do not pay any special taxes, as the owner of the business you are also an employee of the business, which requires you to

• A) pay income tax only one time each year.
• B) pay self-employment taxes.
• C) pay for the right to get an employee identification number.
• D) file an income tax return for the business.

---

Definitions:

Social Psychologists

Scientists who study how individuals think, influence, and relate to one another within the context of society.

Sensory Organs

Specialized organs of the body responsible for receiving and processing sensory information, such as eyes, ears, skin, nose, and tongue.

Visual Stimuli

External cues captured by the eye and processed by the brain, influencing perception and behavior.

Delay of Gratification

The ability or decision to postpone immediate satisfaction in order to achieve a future benefit or reward.