Which of the Following Statements Regarding a Sole Proprietorship Is

question 53

Multiple Choice

Which of the following statements regarding a sole proprietorship is false?

• A)A sole proprietorship is an unincorporated business operated by one individual.
• B)Taxable income from a sole proprietorship is reported on Schedule D of the proprietor's individual income tax return.
• C)Sole proprietors are entitled to deduct 50 percent of self-employment tax paid.
• D)None of the above statements are false.

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Definitions:

Sensing Vs. Intuitive

A dichotomy in personality typologies that contrasts the preference for dealing with concrete, observable facts (Sensing) versus abstract, conceptual information (Intuitive).

Self-Monitoring

The degree to which someone is able to adjust behaviour in response to external factors.

Predictable

Something that can be expected or anticipated based on certain signs, patterns, or behaviors.

ENFP Myers-Briggs Profile

A personality type in the Myers-Briggs Type Indicator characterized by traits of Extraversion, Intuition, Feeling, and Perceiving.