Which of the Following Entities Directly Bear the Burden of Income

question 62

Multiple Choice

Which of the following entities directly bear the burden of income taxes?
I.Limited Liability Company
II.Corporations
III.Partnerships
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Statements I and II are correct.
• D)Statements I, II, and III are correct.

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Definitions:

Environmental Impact Statement

A document prepared to describe the effects for proposed activities on the environment, intended to inform decision-making on such activities.

Business People

Individuals engaged in commercial, industrial, or professional activities.

Hazardous Waste Sites

Locations where hazardous waste is stored, treated, or disposed of, potentially posing risks to human health and the environment.

CERCLA

The Comprehensive Environmental Response, Compensation, and Liability Act, a U.S. law designed to clean up sites contaminated with hazardous substances.