Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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Chapter 6, Problem 2MCQ

Income and loss from which of the following entities is passed through and taxed on the individual's personal tax returns?

  1. S corporation
  2. Partnership
  3. Sole proprietor
  4. All of the above

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The earnings and losses from a sole proprietorship are reported on O the sole proprietorship's state income tax return O the sole proprietorship's federal income tax return O the sole proprietorship business license form O the individual sole proprietor's personal income tax return
Which of the following items may be subject to the self-employment tax? a.Dividend income b.Interest income c.Capital gains d.A partner's distributive share of partnership income
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