Multiple Choice
Chipper is the sole proprietor of a golf shop. Because she is a sole proprietor, any profit Chipper's business earns is
A) totally tax-free.
B) taxed only as Chipper's personal income.
C) taxed twice, once as business income, then again as Chipper's personal income.
D) taxed only if and when it is distributed to investors.
Correct Answer:
Verified
Correct Answer:
Verified
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