Skip to main contentChapter 10 Post-Class QuizAnswerSavedHelp opens in a new windowSave & ExitSubmit Item11 Time Remaining 1 hour 55 minutes 59 seconds01:55:59 Item 11 Time Remaining 1 hour 55 minutes 59 seconds01:55:59 One advantage for a sole proprietor is Multiple Choice Profits are taxed at the personal tax rate and taxed only once. Profits are not taxed at all. Profits are taxed at the corporation tax rate. Profits are taxed lower than their personal tax rate. PrevQuestion 11 of 25 Total11 of 25Visit question mapNext McGraw Hill