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Jess and Kaley Own and Operate Little Tykes,a Small-Business Enterprise

Question 24

Multiple Choice

Jess and Kaley own and operate Little Tykes,a small-business enterprise.Little Tykes pays taxes on its profits,and Jess and Kaley pay taxes on the profits that are afterwards distributed to them.Little Tykes is


A) a corporation.
B) a limited liability company.
C) a partnership.
D) a sole proprietorship.

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