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Which of the following is not an example of a partnership for tax purposes? Select one: b. Two brothers jointly operating a retail business e.
Which of the following is not an example of a partnership for tax purposes?
Select one:
b. Two brothers jointly operating a retail business
e. None of the answers are correct
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Question text
Which of the following is true of a partnership?
Select one:
a. A partnership is not directly liable for income tax
b. Assessable income less deductions equals taxable income
c. None of the answers are correct
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