All of the Following Statements Are True Except

question 42

Multiple Choice

All of the following statements are true except

• A)the net income earned by a sole proprietorship is reported on the owner's individual income tax return.
• B)the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed.
• C)the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed.
• D)LLCs are generally taxed as partnerships.

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Definitions:

Prefer

To favor or choose something or someone over other options.

Group Faultlines

Hypothetical dividing lines that may split a group into subgroups based on demographic or functional attributes, potentially affecting cohesion.

Performance

The level at which an individual, group, or organization achieves its goals or objectives, often measured against known standards of accuracy, completeness, cost, and speed.

Diversity

The inclusion of individuals with a variety of characteristics such as age, gender, cultural background, and experiences within a group or organization.