Which of the following is true of a partnership and a corporation?
A) In a corporation, income is taxed at the corporate level; whereas, in a partnership, income is taxed twice.
B) In a partnership, income is taxed at the corporate level; whereas, in a corporation, income is taxed twice.
C) Income from both forms of organizations are double-taxed.
D) In a partnership, income is exempted from tax up to $10 million; whereas, in a corporation, income is taxed twice.
B
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Employees might feel they are being underpaid for what they do, even if pay and benefits are superior to the competition. Here, managers must change
A. the tone of the debate. B. attitudes. C. tendencies toward greed. D. perceptions. E. the facts.
Checks and balances built into the Constitution ensure that amendments to the Constitution do not contradict existing laws.
Answer the following statement true (T) or false (F)
Kaye Corporation agreed to lease a computer, at cost, to Lumbar Company for $36,000 payable each year-end for seven years without a bargain purchase option, or, as an equivalent alternative, for $33,000 per year with a bargain purchase option, after the seventh rental. If the lease is a direct financing lease, and Kaye expects to earn a 1 . percent return, the amount of cash Lumbar Company would
need to pay for the bargain purchase option is a. $30,266. b. $26,340. c. $21,000. d. $9,948.
A company's resources and capabilities represent
A. the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. B. the firm's net working capital and related determinants for measuring operating performance and capabilities. C. whether the firm has the industry's most efficient value chain. D. positive trends with relevant cultural factors related to buyers' choices and product modifications. E. management's sources and uses of funding for new strategic initiatives.