Memphis Is the Owner of a Car Performance Tuning Business

question 25

Multiple Choice

Memphis is the owner of a car performance tuning business. As a sole proprietor, any profit he earns is:

• A)taxed as the earnings of a sole proprietorship as a business.
• B)treated as Memphis's personal income.
• C)not subjected to any tax.
• D)taxed only when he withdraws the money from a bank.

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Definitions:

Apical Meristems

Regions located at the tips of roots and shoots where cells divide actively, leading to plant growth in length.

Vascular Cambium

A type of cambium tissue in plants that produces vascular tissues such as xylem and phloem, contributing to the increase in stem and root diameter.

Secondary Growth

Growth produced by lateral meristems, thickening the roots and shoots of woody plants.

Vascular Cambium

The vascular cambium is a layer of dividing cells in plants, responsible for producing new phloem and xylem, contributing to the plant's secondary growth.