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Which of the following most accurately describes the federal tax treatment of partnerships? A. Partnerships are neither taxpayers nor tax-paying. B. Partnerships pay tax related
Which of the following most accurately describes the federal tax treatment of partnerships?
A. | Partnerships are neither taxpayers nor tax-paying. | ||
B. | Partnerships pay tax related to the amount of income earned. | ||
C. | Partnerships are not considered taxpayers. | ||
D. | Partnerships are taxpayers, but are not tax-paying. |
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