ec 341 test 1 - requires respondus lockdown browser + webcam\nstarted sep 29 at 10:40pm\nquiz…

ec 341 test 1 - requires respondus lockdown browser + webcam\nstarted sep 29 at 10:40pm\nquiz instructions\nwelcome to ec 341 test 1\nquestion 22\n0.5 pts\npartnerships and proprietorships generally have a tax advantage over corporations.\ntrue\nfalse

ec 341 test 1 - requires respondus lockdown browser + webcam\nstarted sep 29 at 10:40pm\nquiz instructions\nwelcome to ec 341 test 1\nquestion 22\n0.5 pts\npartnerships and proprietorships generally have a tax advantage over corporations.\ntrue\nfalse

Answer

Brief Explanations:

Partnerships and proprietorships are not taxed as separate entities. Their income is passed - through to the owners who are taxed at individual rates. Corporations, on the other hand, are subject to double - taxation (corporate income tax on profits and then individual income tax on dividends received by shareholders). So, partnerships and proprietorships generally have a tax advantage.

Answer:

True