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The Sole Proprietorship Is Subject to Double Taxation in That

question 39

True/False

The sole proprietorship is subject to double taxation in that any earnings are taxed both as income to the business and as income to the owner of the business.


Definitions:

Contact Information

Details that allow a person to be reached or communicated with, such as phone number, email address, or physical address.

Contact List

A collection of contact information for individuals or organizations, typically stored and managed in phones or email applications.

Phone Number

A sequence of digits assigned for the purpose of communication via telephones and other communication devices.

Business Card View

A display format in contact management software that shows contact information in a layout resembling a physical business card.

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