Construction Accounting And Financial Management (4th Edition)
Construction Accounting And Financial Management (4th Edition)
4th Edition
ISBN: 9780135232873
Author: Steven J. Peterson MBA PE
Publisher: PEARSON
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Chapter 13, Problem 1DQ
To determine

Explain the manner that the choice of company type affects the taxes of a company.

Expert Solution & Answer
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Explanation of Solution

Different kinds of companies are taxed in a different way. Corporate income tax is paid by the C corporations and some partnerships. Personal income tax is paid by the Limited liability companies, S corporations, most partnerships, and sole proprietorships as their income distributed to the shareholders.

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