Answer:
b. Income from both sole proprietorship and partnerships that is taxable is treated as individual income.
Explanation:
The correct choice is b according to the following statements. Because income from both the sole proprietorship and the partnership is treated as individual income because there are no specific tax levels or separate tax rates, the income generated in these types of business should be reported in their individual income tax returns.
Therefore, all other statements given are wrong as a general partnership is completely different from the company plus partnership is not the most complicated type of business. Not all business organizations have by-laws nor limited lives for sole ownership, but the partnership has also limited lives.
Answer:
Explanation: The recent Supreme Court decisions provides hope to those championing state sovereignty.
In National Federation of Independent Business (N.F.I.B.) v. Sebelius, a majority of the court determined that the individual mandate under the health care act exceeded Congress’s commerce clause power.
In Shelby County v. Holder, the court held that Congress unconstitutionally infringed on state sovereignty by using an outdated formula under the Voting Rights Act to decide which states had to get federal approval before changing their voting laws.
In United States v. Windsor, the court emphasized that the Defense of Marriage Act was unconstitutional in part because the regulation of domestic relations has always been left to the exclusive province of the states.
The Supreme Court has been the last arbiter of the balance between state and federal power, and that balance is dictated by the narrowest of margins. Consequently, federal politics, including the next Supreme Court appointment, may determine the scope of state sovereignty for years to come.
"<span>For whom to produce?" is the one economic question among the following choices given in the question that </span><span>is addressed by targeting teenage buyers. The correct option among all the options that are given in the question is the first option. I hope that this is the answer that has actually come to your desired help.</span>
Answer:
a person's regular occupation, profession, or trade.
Explanation:
Answer:
c. Liquidity is the ability to convert assets to cash.
Explanation:
The company's level of liquidity deals with the company's level of cash which is usually held to meet current obligations.
The liquidity ratios are ratios that indicate how well and quickly a company can convert current assets into cash for the settlement of current liabilities.
Examples of liquidity ratios include current ratio, acid test/quick ratio , cash ratio and working capital ratio.