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Instructions 25 Which one of the following statements is true? Income from a proprietorship is taxed at the same rate as personal income. A partial

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Instructions 25 Which one of the following statements is true? Income from a proprietorship is taxed at the same rate as personal income. A partial transfer of ownership is easier with a proprietorship than with a corporation. A proprietorship is the most complicated form of a business. A proprietorship can be a business jointly owned by two family members. A proprietor is not personally responsible for the firm's liabilities

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