Which Type of Ownership Is Not Subject to Federal Taxation

question 58

Multiple Choice

Which type of ownership is not subject to federal taxation?

• A)Sole Proprietorship
• B)Corporations
• C)Partnership
• D)Limited Liability Corporation

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Definitions:

Conglomerate

A large corporation composed of diverse and independent industry sectors or companies under a single corporate group.

Men's Socks

Footwear specifically designed to cover men’s feet and lower legs, typically made from various fabrics and used for warmth, comfort, and fashion.

Webb-Pomerene Act

A 1918 U.S. federal law that allows certain export business activities to be exempt from antitrust laws, enabling American exporters to combine into associations to promote their foreign trade.

Joint Export Activities

Collaborative efforts among businesses or organizations to export goods and services to international markets.