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Natasha_Volkova [10]
3 years ago
6

Which of the following statements about a partnership is​ true? A. Partners are taxed on distributions from a partnership. B. Pa

rtners are taxed on their allocable share of income whether it is distributed or not. C. A partnership is a taxpaying entity. D. Partners are considered employees of the partnership.
Social Studies
1 answer:
artcher [175]3 years ago
8 0

Answer:

B. Partners are taxed on their allocable share of income whether it is distributed or not.

Explanation:

  • The partnership is an agreement between the two or more people to oversee the business and shares its profits and liabilities. The partner's agreement to cooperate in advance of their mutual interest and enjoy the special benefits of the tax policy.
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Considered one of the most important Chinese philosophers, Confucius was born in what is today the Xantung province in northeastern China. His father died when he was only three years old, so he and his mother even had some difficulties. He was a professor and studied history and archeology and even visited Lao Tzu while working at the court archives in Honan Province. Although influenced by Lao Tzu and Taoism, Kung Fu Tzu decided to follow an alternative path. Its philosophy is not so concerned with the afterlife, as Hindu or Taoist, for example, but more concerned with harmonious relations between people, family members or even society.

Confucius wrote three books The Analects; The Middle Way and the Great Learning. It was in "The Great Learning" that Confucius revealed the step-by-step process by which self-development is attained and through which it flows into ordinary life to serve the state and bless humanity.

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