which of the following statements is correct regarding the provision for income taxes in the financial statements of a sole proprietorship?

a$.$ no provision for income taxes is required

b$.$ the provision for income taxes should be based on business income using individual tax rates

c$.$ the provisions for income taxes should be based on business income using corporate tax rates

d$.$ the provision for income taxes should be based on the proprietors total taxable income, allocated to the proprietorship at the percentage that business income bears to the propeietors total income