Which of the following is not a "pass-thru" entity (rather, income is taxed at the owner/investor level and profits are taxed at the company level)?
a) sole proprietorship
b) partnership
c) limited partnership
d) S corporation
e) C corporation
Answer: e) C corporation
You might also like to view...
Which of the following channel functions of wholesalers is demonstrated when a buyer receives quicker delivery because wholesalers are located closer than are producers?
A) buying and assortment building B) financing C) transportation D) risk bearing E) warehousing
If journalists were to follow the code of ethics published by the Society of Professional Journalists, they would ________
A) fulfill their readers' curiosity for details about people with addictions B) fight for the right to publish unofficial charges affecting a person's reputation C) seek the truth and report it D) act in a dependent manner, working alongside government officials