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Which is true in relation to business structure and taxation

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Reference no: EM132718470

Problem 1: Which of the following is true in relation to business structure and taxation?

a) Payroll tax is not business structure specific. Sole traders may also be liable for payroll tax.

b) Sole traders do not have a tax free threshold but do have a small business income tax concession.

c) Partnership pays income tax as if it is a separate entity and then distributes imputation tax credits to each partner proportional to their share in the partnership.

d) If a labour hire organisation is deemed as a group training organisation, then it does not need to withhold from payments to individual workers.

Reference no: EM132718470

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