With Respect to Taxes, the Sole Proprietorship

Multiple Choice

With respect to taxes, the sole proprietorship:

A) Pays taxes on the profits of the business at the same rate that corporations pay taxes.
B) Pays taxes on the profits of the business, at the owner's personal tax rate.
C) Pays taxes only if there are no expenses associated with the business.
D) Is permitted to determine its own tax rate and schedule of payments.