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Identify a true statement about the rules of taxation for partnerships. Multiple choice question. Fringe benefits provided to partners are tax-deductible. Partnerships are subject to
Identify a true statement about the rules of taxation for partnerships. Multiple choice question. Fringe benefits provided to partners are tax-deductible. Partnerships are subject to double taxation in states where the Revised Uniform Partnership Act has been adopted. Partners are exempted from paying tax on their share of partnership income if it has not been distributed to them. Every partner's allocable share of income is subject to self-employment tax
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