1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
3 years ago
15

A sole proprietorship: Multiple Choice provides limited financial liability for its owner. involves significant legal costs duri

ng the formation process. has an unlimited life. has its profits taxed as personal income.
Business
1 answer:
zalisa [80]3 years ago
5 0

Answer:

Has its profits taxed as personal income

Explanation:

Sole proprietorship: The sole proprietorship is the person who is the single owner of a company. He is personally liable for all the acts which are held in the company. In this, there is no separate entity between the company and its members.

Moreover, during filling the return, the owner has to file a tax based on the profits on its personal income

Its owner choice to continue the business for longer period or for a shorter period. So, it does not has unlimited life, neither it have limited financial liability nor it involves significant legal costs during the formation process.

So, a sole proprietorship has its profits taxed as personal income.

You might be interested in
What are four things a great resume shows employers
Crazy boy [7]

Education, work experience, skills and career objectives.

A resume needs to be a concise, logical and easy to read document that makes an employer want to hire you. Great resumes show potential employers your skills, your career objective, your education and your work or volunteer experience.

5 0
3 years ago
What is economics, and how are the three sectors of the economy linked?
marysya [2.9K]

Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

Economic Resources

For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.

What you need to know:

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought  by a person or organization in order to function effectively.

What is an ECONOMIC resource?

Natural supplies that can be used to make a product. It is important for the success of the company.

Classification of Economic Resources:

Natural resources (LAND)

Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

Human resources (LABOUR)

Capital resources (CAPITAL)

Entrepreneurship (ENTERPRISE)

3 0
2 years ago
What are the five exclusive rights given to copyright owners under the copyright act?
bagirrra123 [75]
The right to reproduce the copyrighted work
the right to prepare derivative works based upon the work
the right to distribute copies of the work to the public
the right to perform the copyrighted work publicly
the right to display the copyrighted work publicly
8 0
2 years ago
Which of the following statements is true about work hour
Fittoniya [83]
I think A if not than B I’m sorry if I’m incorrect
6 0
2 years ago
a market is a market for new issues of securities. a market is a market for already existing securities.
Oksi-84 [34.3K]

Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

What is Secondary Market?

Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market."

Therefore,

Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

To learn more about Secondary Market from the given link:

brainly.com/question/17168396

#SPJ4

3 0
1 year ago
Other questions:
  • A laissez faire economic policy would _____.
    12·2 answers
  • Is Federal Income Tax a direct or indirect tax? Explain your response.
    10·1 answer
  • A farm worker was moving a bale of hay with a forklift. The edge of the machine hit a tall stack of feed, making the top feed sa
    14·2 answers
  • Nancy operates a business that uses the accrual method of accounting. In December, Nancy asked her brother, Hank, to provide her
    12·1 answer
  • Geneva Company manufactures dolls that are sold to various customers. The company works at full capacity for half the year to me
    7·2 answers
  • Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert
    6·1 answer
  • Interest groups may use ________ in mass-circulation magazines, newspapers, and television to improve their standing in the comm
    5·1 answer
  • Explain the limitations of statistics
    7·1 answer
  • What is defined as the perceptions a company's employees share about the firm's psychological environment
    7·1 answer
  • Suppose your school is considering whether to spend $20 million building a new state- of-the-art recreation facility. All of the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!