Author Question: The profits of a proprietorship are A) taxed at the same rate as the owner's other personal ... (Read 114 times)

ts19998 · **on:** Jun 29, 2018

The profits of a proprietorship are

A) taxed at the same rate as the owner's other personal income.
B) subject to a corporate tax.
C) taxed as capital gains indexed for inflation.
D) exempt from taxation.

Question 2

The figure above shows the market for coffee. If 30 pound of coffee a month are available, the ________ price that consumers are willing to pay for the last pound is ________.

A) maximum; 4.00
B) minimum; 4.00
C) maximum; 2.50
D) minimum; 2.50