we want Question 49 The income of a sole proprietor is reported on what type of income tax return! Not reported on any tax return The sole proprietor's individual income tax return On a special sole proprietor tax return that is filed completely separately from the sole proprietors individual income Abusiness entity tax retum Question 50 In agency, what is the difference between an implied agency and an agent's implied powers? An implied agency is an apency created by conduct whereas an agents Imolled powers are what is necessary for the agent to carry out his or her express wuthority There is no difference between the two An implied agency is what an agent must do to carry out his or her express agency powers where as an agent's impled power is the conduct by which the agency is created Implied agent powers are only applicable to implied agencies 1 pts Question 51