The business form that is taxed as a partnership and gives all owners limited liability, is:

a. a close corporation.
b. a limited partnership.
c. a limited liability company.
d. a general partnership.

c

Business

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Which item below is not taken as an itemized deduction?

A) Property taxes B) Medical expenses C) Charitable contributions D) Child and dependent care expenses

Business

PITI is a one-time, initial cost of home ownership

Indicate whether this statement is true or false.

Business