Which business enterprises pay untaxed profits to owners

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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: EM131721815

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