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User: Which of the following is correct? (Points : 5) An individual is a reporting entity but not a taxable entity A partnership is a taxable entity and a reporting entity A corporation is a reporting entity but not a taxable entity A partnership is a reporting entity but not a taxable entity
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Question
Asked 10/25/2013 2:53:21 PM
Updated 11/18/2015 6:19:27 PM
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Flagged by Kentink [11/18/2015 6:19:25 PM]
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User: User: Which of the following is correct? (Points : 5) An individual is a reporting entity but not a taxable entity A partnership is a taxable entity and a reporting entity A corporation is a reporting entity but not a taxable entity A partnership is a reporting entity but not a taxable entity

Weegy: An individual is a reporting entity but not a taxable entity.
cashmate69|Points 40|

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Question
Asked 10/25/2013 2:53:21 PM
Updated 11/18/2015 6:19:27 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by Kentink [11/18/2015 6:19:25 PM]
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The following is correct:
A partnership is a reporting entity but not a taxable entity.
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Added 11/18/2015 6:19:27 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [11/18/2015 9:07:44 PM], Rated good by Andrew.
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Questions asked by the same visitor
Which of the following is nontaxable income to the recipient for tax purposes? (Points : 5) Salary income Income from real estate rental property Income from tips Inheritances None of the above
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Updated 9/2/2016 4:12:41 AM
1 Answer/Comment
An inheritance is considered a nontaxable income to the recipient for tax purposes.
Added 9/2/2016 4:12:41 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [9/2/2016 8:51:33 AM]
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