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TAX2601 Assignment 6 (Answers Accurate) 2024
Which or the following is correct with regards to Partnerships?
a. A partnership is a separate legal enity and is a separate taxpayer.
b. A partner’s tax liability is calculated by using the tax tables of the partnership.
c. A partnership pays taxes for the partners in the business as it is a business on its own.
d. A partner in a partnership is assessed separately from tire partnership.
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