The total amount of federal taxable income that a company must report on its business income tax returns or the amount of federal taxable income that owners and partners of pass-through entities must report on their personal income tax returns is specified: a.) At a single line on Schedule K for a Subchapter C corporation b.) At a single line on Schedule 1120S for a Subchapter S corporation. c.) At a single line on Schedule 1065 for a partnership or limited liability company. d.) At a single line on Schedule C for a sole proprietorship. e.) All of the above. The federal income tax for a company or for owners, partners, or members of pass-through entities: a.) Is reported at a specific line on Schedule 1120 for a Subchapter C corporation. b.) Is not clearly identified for a Subchapter S corporation since taxable business income is blended with other sources of personal taxable income on owners' personal income tax returns. c.) Is not clearly identified for a partnership or limited liability company since taxable business income is blended with other sources of personal taxable income on partners' or members' personal income tax returns. d. Is not clearly identified for a sole proprietorship since taxable business income is blended with other sources of personal taxable income on the proprietor's personal income tax returns. e.) All of the above. Partners in a partnership are compensated by guaranteed payments or by distributions - or by some combination of the two - rather than by salary and bonuses because: a.) A partnership cannot claim salaries and bonuses for partners as tax-deductible expenses on its business income tax returns. b.) Partners are not required to report either guaranteed payments or distributions as taxable income on their personal income tax returns. c.) Partners avoid all withholding taxes if their compensation comes in the form of guaranteed payments or distributions. d.) All of the above