Discuss the below:
Q1 Name three types of partnerships.
Q2 Describe briefly two advantages and two disadvantages of a corporate form of business organization as compared to a partnership.
Q3 Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their individual returns?
Q4 A corporation had a net income before taxes of $1.2 million for 2015. Find the tax liability for this company.