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25 questions from this exam section. You see the answer and a plain-English explanation with its source right after each one. Skipped questions count as incorrect. Each new quiz draws 25 questions at random from the 199 in this section.

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Section: Business Organization and Licensing

Business Organization and Licensing
Two contractors run their business as a partnership. According to IRS Publication 583, does the partnership itself pay federal income tax on its profits?