1. Which entity choice(s) protect the owners from the general obligations of the business?

A. Sole proprietorship

B. C Corp

C. S Corp

D. Parnership

E. LLC

F. LLP

2.Which entity choice(s)only tax the profits of the business one time?

A. Sole proprietorship

B. C Corp

C. S Corp

D. Parnership

E. LLC

F. LLP

3. While entity choice(s) are available for businesses with a single owner?

A. Sole proprietorship

B. C Corp

C. S Corp

D. Parnership

E. LLC

F. LLP

4. Which entity choice(s) are required to file an annual income tax return?

A. Sole proprietorship

B. C Corp

C. S Corp

D. Parnership

E. LLC

F. LLP

5. Dicussion Question: Government provided goods and services can be categorized as public goods or nonpublic goods. Provide examples of each. For which goods and services is it appropriate to consider a user fee to raise revenues associated with the costs incurred in providing those goods and services? When the opportunity exists to cover the costs of those goods and servies through user fees, why do govenments often choose to raise taxes for those goods and services partly through other means?