Differentiate Between Single Taxation,double Taxation,pass Through (Taxation),and Check the Box

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The Answer is In single taxation,the earnings of the business are taxed once with the owners paying the taxes. In double taxation,earnings of the business are taxed twice with the business as well as its owners being subject to tax. In the case of pass through (taxation),earnings of the business are distributed to the business owners and those owners (rather than the business)pay individual tax on the earnings. Check the box taxation refers to a choice LLCs can make on their tax returns to be taxed as a corporation or a partnership.

Differentiate Between Single Taxation,double Taxation,pass Through (Taxation),and Check the Box

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Differentiate Between Single Taxation,double Taxation,pass Through (Taxation),and Check the Box

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