question 2 (10 points) a sole proprietor pays only personal income taxes on the businesss profits. true false

question 2 (10 points) a sole proprietor pays only personal income taxes on the businesss profits. true false

question 2 (10 points) a sole proprietor pays only personal income taxes on the businesss profits. true false

Answer

Brief Explanations:

In a sole - proprietorship, the business is not a separate legal entity from the owner. So, the owner pays personal income taxes on the business's profits as the business income is considered part of the owner's personal income.

Answer:

True