Question

Partnership income is taxed as a separate legal entity, then, the partners pay taxes again as their personal income. True or
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Answer #1

Answer:- False

Explanation :-

partners doesn't pay taxes again.

●Partnership: Businesses as partnerships do not have to pay tax; each partner files the profits or losses of the business on his or her own personal income tax return.

●This way the business does not get taxed separately. Easy to establish.

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