Joe is not confident in his decision of switching to a Corporation. He is wondering if maybe he should have just selected a Partnership instead. Match the appropriate tax treatment/consequence to the appropriate entity description (for the numbered cells):

Entity Characteristic	Corporation	Partnership	Answer Options
Deductibility of Losses	?	?	a. Distributive share of income taxed as flow through income, No tax to the business entity
Taxation of Business Operations	?	n/a	b. Can deduct losses up to entity income
Payroll Taxes	n/a	?	c. Income taxed at proportion rate
	n/a	n/a	d. Losses offset other income of owner up to basis
	n/a	n/a	e. Self-employment tax does not apply to owner
	n/a	n/a	f. Self-employment taxes apply to owner