Which of the Following Is an Advantage of a Sole

question 87

Multiple Choice

Which of the following is an advantage of a sole proprietorship over other business forms?

• A)tax-exempt treatment of fringe benefits
• B)the deduction for compensation paid to the owner
• C)low tax rates on dividends
• D)ease of formation

---

Definitions:

Judicial

Relating to the court system or judges, encompassing the administration of justice and the act of judging legal matters.

State Criminal Codes

The body of law established by each state in the United States, dictating definitions of criminal offenses and their corresponding penalties.

Zoning Laws

Regulations established by local governments determining how certain areas of land can be used, affecting building types, sizes, and purposes.

Doing Business

Engaging in activities that relate to the production, buying, and selling of goods or services for profit.