Can a sole proprietorship be described as a pass-through entity?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
A sole proprietorship is not a legal entity but merely a business activit...View the full answer
Answered By
Ashish Jaiswal
I have completed B.Sc in mathematics and Master in Computer Science.
4.90+
20+ Reviews
39+ Question Solved
Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
Question Posted:
Students also viewed these Business Law questions
-
Sole Proprietorship (Appendix) Furyk Company opened business as a sole proprietorship on January 1, 2010. The owner contributed $500,000 cash on that date. During the year, the company had a net...
-
Sean McNamee was the owner of an accounting firm, W. F. McNamee & Co., LLC (WFM), which he founded and formed in Connecticut as a limited liability company (LLC). For federal tax purposes, an LLC can...
-
Multiple Choice Questions 1. Employers' responsibilities for payroll include: A) Providing each employee with an annual report of his or her wages subject to FICA and federal income taxes along with...
-
An employee earns $22 per hour and 11/2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week, and that the gross pay prior to the...
-
A person has a choice while trying to push a crate across a horizontal pad of concrete: push it at a down-ward angle of 30o, or pull it at an upward angle of 30o. (a) Which choice is most likely to...
-
The Saleemi Corporations $1,000 bonds pay 5 percent interest annually and have 12 years until maturity. You can purchase a bond for $915. a. What is the yield to maturity on this bond? b. Should you...
-
Refer to the Hotbox Ltd production process details in problem 21.25. Required Explain in detail, using the facts from Problem 21.25 why it is most appropriate for Hotbox Ltd to use a process costing...
-
Park Company reported the following March purchases and sales data for its only product. Park uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods...
-
Combine like terms to simplify the expression: 2 x2 + 3x+4x+4 x2 2 Challenge Combine into one fraction: x+2 45 + + x+1 x2 58
-
Complete Keith's tax return including all required schedules and forms using prince edward island as province, using the fillable forms package. Taxpayers Information Taxpayer #1 Name: Keith Dox...
-
LN Consulting is a calendar year, cash basis unincorporated business. The business is not required to provide audited financial statements to any external user. LNs accounting records show the...
-
This year, Soya Partnership disposed of only one operating asset and recognized a $22,000 loss on the disposition. Why must Soya report this net Section 1231 loss as a separately stated item rather...
-
There are five multiple-choice questions on an exam, each with four possible answers. Determine the number of possible answer sequences for the five questions. Only one of the sets can contain all...
-
Evaluate S fal x ln (1+x) dx.
-
Please identify the appropriate term for the following scenarios.
-
Calculate the buyers open - to - buy ( OTB ) as of october 1 6 th , given the following information October Sales Plan: $ 1 9 0 , 0 0 0 ACtual Sales as of October 1 6 th: $ 1 2 0 , 0 0 0 October...
-
What are the basic assumptions, underlying assumptions, and key concepts of resilience theory? explain
-
write a few sentences describing a situation where you, someone you know, or someone fictitious has used their problem solving or agility skills to increase their human capital in order to get a...
-
a. What are some reasons why firms find themselves with idle cash? b. What are some types of money market securities? c. Why are money market preferred stocks an attractive short-term investment?
-
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
-
On June 10, Ming states, "I filed my Form 1040 on April 5 and haven't heard from the IRS since then, so I know I will not be audited!" Evaluate Ming's assumption.
-
On June 10, Ming states, "I filed my Form 1040 on April 5 and haven't heard from the IRS since then, so I know I will not be audited!" Evaluate Ming's assumption.
-
On June 10, Ming states, "I filed my Form 1040 on April 5 and haven't heard from the IRS since then, so I know I will not be audited!" Evaluate Ming's assumption.
-
A bank can either invest money for three months at 4.00% or for nine months at 4.50%. Ignoring actual/360 day count adjustments for the purpose of this question, the three against nine FRA quote the...
-
Shuggy Otis, an executive at Slapfish Corp. (SC) intends to retire in 11 years. SC just announced that it will start depositing $500.00 at the end of each quarter into each of its workers' retirement...
-
On January 1, the Hanover Beverage Company replaced the palletizing machine on one of its juice lines. The cost of the machine was $195,000. The machine's expected life is five years or 480,000...
Study smarter with the SolutionInn App