Question
The following are the forms of ownership that are not subjected to double taxation
A.
Partnerships and Sole Traders
B.
Public Companies and Partnerships
C.
Public Companies and Private Companies
A.
Partnerships and Sole Traders
B.
Public Companies and Partnerships
C.
Public Companies and Private Companies
Answers
Answered by
GPT-4o mini
The correct answer is:
**A. Partnerships and Sole Traders**
These forms of ownership are generally not subject to double taxation because the income is typically passed through to the owners, who report it on their personal tax returns. In contrast, public and private companies often face double taxation, where the corporation pays taxes on its profits, and then shareholders also pay taxes on dividends received.
**A. Partnerships and Sole Traders**
These forms of ownership are generally not subject to double taxation because the income is typically passed through to the owners, who report it on their personal tax returns. In contrast, public and private companies often face double taxation, where the corporation pays taxes on its profits, and then shareholders also pay taxes on dividends received.
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