Answered: A business entity that has no ;ax…

A business entity that has no ;ax liability because the entity's income is passed through to the owners, who pay taxes on it is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A business entity that has no ;ax liability because the entity's income is passed through to the owners, who pay taxes on it is O a. 0 b. O c. 0 d. a pass-through entity. a sole proprietorship an entrepreneur. an independent contractor.

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