Question $34$

$[$Note: This question may have only one correct answer, or it may have more than one. Please

select any and all of the correct answer$($s$)$ from the choices below.$]$

Which of the following statement$($s$)$ is$/$are accurate about a "pass through entity?"

It is a type of business entity that is often used as an alternative to an LLC$.$

All business profits will be taxed at the individual tax rate.

The owner$($s$)$ do not pay any federal income tax.

The business passes all its income to the owner$($s$).$

The business may be subject to double taxation under federal tax law

The owner$($s$)$ pass all their income to the business.

The business does not pay any federal income tax.

The business pays taxes on all business income.

The owner$($s$)$ pay taxes on all business income