As a sole proprietorship, you sell tangible products to the public at retail. You will need...
As a sole proprietorship, you sell tangible products to the public at retail. You will need to pay ______?
a. Sales Tax
b. Services Tax
c. Self-Employment Tax
d. Improvement Tax
e. Both Sales Tax & Self-Employment Tax
Homework Answers
1. E. Both sales tax and self-employment tax
Being that a sole proprietorship does not have ownership
separate from the business, we have to pay taxes for both the above
areas.
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As a sole proprietorship, you sell tangible products to the
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