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QUESTION
Which of the following is TRUE of the net business profit of the partnership?
Which of the following is TRUE of the net business profit of the partnership? (Points : 1) The profits of a partnership are not taxable unless the partnership has over $250,000 of net profits.The profits of a partnership are only taxable to the limited partners.The profit is not taxable.The profits of the partnership pass through the partnership to be taxed to the partners.
