question archive Each of the following business entities have "flow-through" or "pass-through" taxation in which the owners of the business are taxed for any profits they receive
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Each of the following business entities have "flow-through" or "pass-through" taxation in which the owners of the business are taxed for any profits they receive. Which of the following business entity is not a pass through entity but rather its income is taxed twice: one at the business entity level and also at the owner level?
a. |
General Partnership
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b. |
Limited Partnership
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c. |
C-corporation
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d. |
S-corporation
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