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Which of the following statements is TRYE for a limited liability partnership? Homework: RQ1-LO 1 Score: 0 of 1 pt Which of the following statements

Which of the following statements is TRYE for a limited liability partnership? image text in transcribed
Homework: RQ1-LO 1 Score: 0 of 1 pt Which of the following statements is TRUE for a limited liability partnership? A. Only the members pay federal income taxes on their shares of the partnership's profits. O B. The partnership pays no federal income taxes O C. Only the limited partners pay federal income taxes on their shares of the partnership's profits. O D. Only the general partner pays federal income taxes on his or her share of the partnership's profits

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