Examlex
Which of the following statements is TRUE with reference to the use of seatbelts
Personal Use
Use of an asset for private, non-business purposes by an individual or family.
Flow-Through Entity
A business entity where income flows directly to investors or owners, avoiding corporate income tax.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Sole Proprietorship
A sole proprietorship is a type of unincorporated business owned and operated by one individual, with no distinction between the business and the owner for legal and tax purposes.
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