Give typing answer with explanation and conclusion  Which of the following entities does not have limited liability?   Select one:   a. General partnership.   b. LLC taxed as a disregarded entity.   c. S corporation.   d. All of the above have limited liability.

Which of the following entities is subject to double taxation? A) S Corporation B) Sole Proprietorship CI C Corporation D) Limited Liability Partnership (LLP)

Which of the following legal entities are generally classified as C corporations for tax purposes? Multiple Choice   Limited liability companies.   S corporations.   Limited partnerships.   Sole proprietorships.   None of the choices is correct.

Which of the following forms of business organization formats does not offer at least some liability protections to the owners Select one: а. С CORP b. LLC c. S CORP d. LLP e. GENERAL PARTNERSHIP O O O

Partnerships: a.Are not taxable entities. b.Are taxed in the same manner as individuals. c.File tax returns on Form 1041. d.File tax returns on Form 1120.

The unlimited liabilities is disadvantage of: Select one: O a. Partnership and Sole proprietorships O b. Partnership only O c. Sole proprietorships only O d. Public corporation

Which statement is true?  In computing the net taxable income of a corporation availing of the optional standard deduction, the OSD shall be deducted from the total sales or revenue. A corporate taxpayer is not qualified to avail of NOLCO as this is only applicable to individual taxpayers. The income of a business partnership shall be taxed with the regular corporate income tax and the share of each partner from the income of the partnership shall be subject to the regular income tax as well. Generally, government owned or controlled corporations are taxable.

Income from which source is NOT eligible for the qualified business income? 1) form W-2 wages reported on Form 1040. 2) income from a partnership, reported on Schedule E. 3) income from an S corporation, reported on Schedule E. 4) profit or loss from the business of a sole proprietor, reported on Schedule C.

Owners enjoy limited liability in a a) partnership b) corporation c) sole proprietorship d) proprietorship

Is a mutiple question:    Question : Accounting for the day-to-day activities for a Partnership or Limited Liability Corporation (LLC) is generally:   Group of answer choices 1. the same as the accounting for a sole proprietorship only 2. the same as the accounting for any other form of business 3. is not the same as the accounting for any other form of business 4. the same as the accounting for a corporation only