With regard to taxation of partnerships, which of the following statements is correct?
A. Profits are taxed twice.
B. Each partner is taxed in the same way as a sole proprietor.
C. Taxes are paid on a partnership's profits, after which each partner pays taxes on his or her share of the profits.
D. A partnership is exempt from taxes.
E. The partnership is taxed as a separate entity.
Answer: B
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What will be an ideal response?
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A) marketing B) production C) sales D) consumer E) relationship
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What approaches can be used to evaluate the effectiveness of public relations programs?
What will be an ideal response?