How Might a Sole Proprietorship Have a Possible Tax Advantage

question 188

Multiple Choice

How might a sole proprietorship have a possible tax advantage?

• A) It does not have to make tax payments until the end of the year.
• B) It does not have to pay federal income taxes.
• C) It does not have to charge sales tax on its merchandise.
• D) It does not pay special state and federal taxes that corporations pay.
• E) It is subject to a form of double taxation.

Understand the principles of calculating the mean and standard deviation for combined independent random variables.

Calculate the standard deviation of a binomial scenario.

Apply the concept of standard deviation to insurance and business profit models.

Utilize formulas for the mean and standard deviation to solve practical problems involving multiple independent variables.

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Definitions:

Corpus

In law, a term referring to the principal amount of a fund or estate; in linguistics, a collection of written texts used for language research.

Executor

An individual appointed in a will who is responsible for executing the deceased's estate according to the will's directives.

Testator

A person who has made a will or given a legacy.

Inadvertent Destruction

Unintentional damage or ruin of something, often resulting in loss or impairment.