Partnerships are subject to double taxation of income
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Income tax is straightforward for partnerships. Each owner's income is treated as his or her share as personal income. This helps investors avoid double taxation.
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Which of the following statements best characterizes delivery reliability?
A) a company that always delivers on the same day of the week B) a company that always delivers at the promised time C) a company that delivers more frequently than its competitors D) a company that delivers faster than its competitors E) a company that has a computerized delivery scheduling system
The annual percentage rate (APR) is all of the following except
A) a simple interest rate for borrowing money for a year. B) it requires a complex formula to compute. C) it includes fees such as application processing fees. D) it allows easy comparison of financing costs among various creditors.