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1 year ago

Individual proprietors report their business income and deductions on: Multiple Choice O Form 1065.

Business

1 answer:

lana [24]1 year ago

3 0

Individual proprietors report their business income and deductions on

Form 1120S.

What is Form 1120S?

Form 1120S is an IRS form used by businesses organized as S corporations to report their income, gains, losses, deductions, and credits to the Internal Revenue Service (IRS). It is a variant of the Form 1120 and is used in place of this form by businesses that have elected to be taxed as an S corporation.

What do you mean by Proprietors?

Individual proprietors are sole proprietors who own and operate a business. They are the sole owners of the business and do not have to answer to any other shareholders or partners. They have complete control over the business and its operations, as well as the profits and losses.

Hence, the correct option is Option D.

To know more about Individual proprietors,

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Mrrafil [7]

Answer:

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Explanation:

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3 years ago

Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the comp

Vilka [71]

Answer:

Should create a non disclosure agreement policy

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3 years ago

The financial statement that shows the state of the firms assets, liabilities and owners equity on a specific date is called:

fgiga [73]

It is a balance sheet.

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3 years ago

If a consumer purchases a combination of coffee and football tickets such that Coffee/Coffee = 20 and MU Football tickets/PFootb

katen-ka-za [31]

Answer: d. more coffee and fewer football tickets

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The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.

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3 years ago

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3 years ago