Partnership income is taxed at the same tax rates as the income of corporations. A.True B.False

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Question

Partnership income is taxed at the same tax rates as the income of corporations. A.True B.False

Partnership income is taxed at the same tax rates as the income of corporations.

A.True

B.False

business accounting

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Answer 1

Answer #1

The answer is false. Because partnership returns only information returns.The partnership income and other items are included in the partners returns.

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Answer 2

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Partnership income is taxed at the same tax rates as the income of corporations. A.True B.False

Homework Answers

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Partnership income is taxed at the same tax rates as the income of corporations. A.True B.False