drezz76
02.03.2020 •
Social Studies
Which of the following is correct? a. An individual is a reporting entity but not a taxable entity. b. A partnership is a taxable entity and a reporting entity. c. A partnership is a reporting entity but not a taxable entity. d. A corporation is a reporting entity but not a taxable entity.
Solved
Show answers
More tips
- F Food and Cooking Fresh and Easy Lemonade in 10 Minutes...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- A Animals and plants How to Grow Lime from a Seed: Simple Tips and Interesting Facts...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
Answers on questions: Social Studies
- M Mathematics Fabian harvests 10 pounds of tomatoes from his garden. He needs 2 pounds to make a batch of soup. If he sets aside 2.8 pounds of tomatoes to make spaghetti sauce, how many batches...
- M Mathematics Please Help Me! I have no idea what I m supposed to do. ;-; Any Answers that are wrong will be reported sorry......
Ответ:
The correct answer is:
C. Partnerships is a reporting entity but not a taxable entity.
Explanation:
Individuals are reporting entities and taxable entities, so a is incorrect. A partnership is not a taxable entity, but partnerships are reporting entities. Because partnerships report their accountant numbers but don't pay direct taxes. However, the individuals in that partnership declare their income and are taxed on their individual earnings. Corporations have to report and get taxed over their income. So the correct option is C.
Ответ:
hello wassup dude uwu :)