Which of the following is true of a partnership and a corporation? a. in a partnership, income is taxed once at the individual level; whereas, in a corporation, income is taxed twice. b. in a corporation, income is taxed at the corporate level; whereas, in a partnership, income is taxed twice. c. income from both forms of organizations are doubledashtaxed. d. in a partnership, income is exempted from tax up to $10 million; whereas, in a corporation, income is taxed twice.

A. In a partnership, income is taxed once at the individual level; whereas, in a corporation, income is taxed twice.

Explanation: Hi, a corporation is considered a legal entity for tax purposes, so it pays taxes based on the corporate tax rate for their income. But also the shareholders pay taxes based on the individual tax rate for the dividends payments received.  There is a double taxation .

A partnership is a collection of individuals that come together, the partners are personally liable for the business’s obligations. So, each partner pays taxes based on the individual tax rate for the incomes.

answer: potomac gold & silver jewelry sells the cheapest make me brainliest and i will be your freind

explanation:

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.