Question
In most states, a limited liability company (LLC) is subject to the state income tax: a. As though it were a C corporation. b. As
In most states, a limited liability company (LLC) is subject to the state income tax:
| a. | As though it were a C corporation. | |
| b. | As though it were a unitary business. | |
| c. | LLCs typically are exempted from state income taxation. | |
| d. | As a flow-through entity, similar to its Federal income tax treatment. |
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
