You come across different kinds of businesses every day. the following table describes some businesses. using the description of each business, classify it as a proprietorship, a corporation, or a limited liability company/limited liability partnership.
a. tyler, the ceo of a beverage company, is required to file the company's quarterly and annual employment, financial and tax reports with the state and federal authorities.
b. michael founded an operated a wedding planning agency, which specialized in celebrity weddings. when he dies, his business was dissolved because there was no plan for control after his death.
c. jackson started a business, based in a different state, with his uncle. due to the business's underperformance, they had to close the business. jackson, however, ended up losing his hourse due to a litigation claim.
d. tyler, jackson and jose own an accounting firm in san francisco. all share in the profits of the firm proportionately and file taxes at an individual level. according to their agreement, none of the owners will be held personally liable for the accounting firm's debt.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false