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Javier Is the Sole Proprietor of a Golf Shop

Question 178

Multiple Choice

Javier is the sole proprietor of a golf shop.Because he is a sole proprietor,any profit Javier's business earns is:


A) Totally tax-free.
B) Taxed only as Javier's personal income.
C) Taxed twice,once as business income,then again as Javier's personal income.
D) Taxed only if and when it is distributed to investors.

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