With Regard to Taxation of Partnerships, Which of the Following

Multiple Choice

With regard to taxation of partnerships, which of the following statements is true?

A) Profits are taxed twice.
B) Each partner is taxed in the same way as a sole trader.
C) Taxes are paid on a partnership's profits, after which each partner pays taxes on his or her share of the profits.
D) A partnership is exempt from taxes.
E) The partnership is taxed as a separate entity.