Which of the following entities are subject to income tax (a) Proprietorship (b) Individual (c) Joint venture (d) Trust (e) Limited partnership (f) Corporation (g) Partnership ...

Which of the following entities are subject to income tax? (a) Proprietorship (b) Individual (c) Joint venture

Question:

Which of the following entities are subject to income tax?

(a) Proprietorship

(b) Individual

(d) Trust

(e) Limited partnership

(f) Corporation

(g) Partnership

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...