The Profits of a Proprietorship Are

question 130

Multiple Choice

The profits of a proprietorship are

• A) taxed at the same rate as the owner's other personal income.
• B) subject to a corporate tax.
• C) taxed as capital gains indexed for inflation.
• D) exempt from taxation.

---

Definitions:

Tying Arrangement

A sales tactic where the purchase of one product is conditional upon the purchase of another product.

Scuba Diving

An underwater diving activity where the diver uses self-contained underwater breathing apparatus to explore underwater environments.

Legal

Pertaining to the law or the system of rules and guidelines recognized and enforced by a country's governmental institutions.

Trademark Dilution

The weakening of a famous trademark's distinctiveness through unauthorized use of the mark or a similar mark.