Question 32 (2.5 points) Saved Which of the following statements regarding partnerships versus S corporations is false? OA) S corporation shareholders are not liable for entity debts, but general partners are liable for partnership debts. B) Partners are not permitted to be employees of their partnerships, but s corporation shareholders can be employees of their s corporation. c) Ordinary income allocated from both types of passthrough entities is subject to self-employment tax. OD) Partnerships have more flexibility than S corporations in the manner in which items are allocated to the owners. Question 5 (2.5 points) Saved Randolph Scott operates a business as a sole proprietorship. This year his net profit was $10,570. for tax purposes the income tax on this income will be paid by the: OA) Individual OB) Corporation OC) None of the answers are correct OD) Both the individual and corporation