The profits of a partnership are
A) taxed as personal income.
B) subject to a corporate tax.
C) taxed as capital gains indexed for inflation.
D) exempt from taxation.
A
Economics
You might also like to view...
When markets open up to international trade, we know that consumer surplus will rise
a. True b. False Indicate whether the statement is true or false
Economics
The following national income data are in billions of dollars.
Refer to the above data. Personal income in this economy is:
A.
$621 billion
B.
$656 billion
C.
$705 billion
D.
$716 billion
Economics