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Business organization as compared to partnership

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1. Name three types of partnerships.

2. Describe briefly two advantages and two disadvantages of a corporate form of business organization as compared to a partnership.

3. Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their individual returns?

4. A corporation had a net income before taxes of $1.2 million for 2015. Find the tax liability for this company.

Reference no: EM132755600

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