Answer:
D. They are all mixed economies is the correct answer.
Explanation:
The characteristic that each partner can be legally required to pay the partnership debts even out of personal assets is referred to as <u>General partnership.</u>
General partnership is a basic form of partnership in which two or more individuals own a company based on an agreement to be partners or co-owners.
Usually, each partner is entitled to receive an equal share of the profits and losses, though the partnership agreement may stipulate unequal roles, shares and liabilities in some cases.
The business is not set up as an independent entity, and therefore its profits are taxed only at the personal income level of the partners. Partnership debts may settled with personal assets if necessary.
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Rome’s constitution was a written collection of laws.
The federal government's power to tax, regulate commerce among the states, and to declare war are all examples of enumerated
<h3>What is
tax ?</h3>
Tax is a sort of levy and is defined as an obligatory financial charge or other type of levy placed on a taxpayer by a governmental organization to pay for government expenses and other public expenditures.
The amount of taxable income is reduced by a tax deduction.
A standard deduction is one with a single, set dollar amount.
Because they usually have considerable deductible costs like state and local taxes paid, mortgage interest, and charitable donations, itemized deductions are popular with higher-income individuals.
The percentage of an individual's or corporation's income that is paid in taxes is known as the effective tax rate.
The average tax rate paid by an individual on both earned and unearned income, such as stock dividends, is known as their effective tax rate.
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