Owners of proprietorships
A. must pay the corporate profits tax.
B. are not subject to paying any taxes on their firms' income.
C. must pay the corporate profits tax as well as report their firms' income directly on their individual income tax returns.
D. report their firms' income directly on their individual income tax returns.
Answer: D
Economics
You might also like to view...
Price in a perfectly competitive market:
A) is affected by government policies. B) is determined by the dominant competitor. C) is affected by the combined decision of all sellers. D) is determined by buyers alone.
Economics
Supply curves
A) slope upward. B) slope downward. C) are horizontal. D) can have many shapes.
Economics