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REQUIRED: Complete the table below by answering each of the following questions for a partnership, discretionary trust and a company. Entity Partnership Discretionary Trust Company

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REQUIRED: Complete the table below by answering each of the following questions for a partnership, discretionary trust and a company. Entity Partnership Discretionary Trust Company Separate legal entity? (Yes/No) Does the entity need to lodge a tax return? Who pays tax on the income? What if the entity makes a loss for tax purposes

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