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Only correct answer Warning - no use of gpt in answer Question: Which of the following statements accurately describes a key difference in the tax

Only correct answer Warning- no use of gpt in answer
Question: Which of the following statements accurately describes a key difference in the tax Implications between a sole proprietorship and a liroited liability company (LLC)? A) Sole proprietors are subject to self-employment taxes on all profits, while LLC owners can choose to be taxed as a corporation or pass-through entity. B) Both sole proprietors and LLC owners are taxed at the corporate fax rate on their business profits. C) LLC owners are exempt from all business taxes, while sole proprietors must pay a flat tax rate regardless of profits. D) Sole proprietors can deduct all business expenses from their personal income tax, while LLC owners can only deduct a portion of their business expenses.

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