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Ch 10: Taxation of Business Entities

About This Chapter

Learn more about how business entities are taxed with this helpful chapter. You can use these mobile-friendly text and video lessons and quizzes as a comprehensive study guide to prepare for a class project, study for an upcoming exam or just learn something new.

Taxation of Business Entities - Chapter Summary

This chapter outlines topics related to business entity taxation, including the tax liability of sole proprietorships, business sales tax and the advantages associated with capital gains treatments. Each professionally designed text and video lesson clearly explains the topics in an easy-to-follow way. Once you've completed the lessons, you can take the multiple-choice quiz to ensure you understood what you've learned. Or, take the quiz before reviewing the lesson so you know which topics you'll need to study or as a helpful test prep exercise. This chapter will help you prepare to:

  • Explain the tax structure of sole proprietorships, business partnerships and corporations
  • Define payroll tax
  • Tell about the types of business sales taxes
  • Examine how alternative minimum tax is defined
  • Know how to calculate property taxes
  • List the advantages of capital gains treatments

8 Lessons in Chapter 10: Taxation of Business Entities
Tax Structure & Liability of Sole Proprietorships

1. Tax Structure & Liability of Sole Proprietorships

By far the most common type of business in the United States is a sole proprietorship. In this lesson, we will discuss this simple business structure including its tax advantages and liabilities.

Tax Structure and Liability of Business Partnerships

2. Tax Structure and Liability of Business Partnerships

Many businesses are partnerships. These are unincorporated businesses owned by two or more people. This lesson explains the tax structure of partnerships and the liability of general partners.

Tax Structure and Liability of Corporations

3. Tax Structure and Liability of Corporations

A corporation is a complex business structure with unique characteristics pertaining to taxation and liability. The advantages of a corporation are subject to certain rules. This lesson explains double taxation, limited liability and piercing the corporate veil.

What is Payroll Tax? - Definition & Example

4. What is Payroll Tax? - Definition & Example

This lesson will define the payroll tax and explore the various types of payroll taxes. Also, an example that looks at payroll taxes from the viewpoint of the employee will be provided.

Business Sales Tax: Definition & Types

5. Business Sales Tax: Definition & Types

After reading this lesson, you'll have an understanding of how businesses deal with sales tax. You'll also learn how a business calculates sales tax and pays it to the state.

Alternative Minimum Tax: Definition & Example

6. Alternative Minimum Tax: Definition & Example

Despite having been around for more than 50 years, the alternative minimum tax has only recently been updated. In this lesson, learn exactly what it is and see an example of it at work.

Property Taxes: Calculations & Rates

7. Property Taxes: Calculations & Rates

Depending on where you live, the property taxes for houses are calculated differently. Watch this video lesson to see how the calculations are made based on some example rates.

Capital Gains Treatments: Definition & Advantages

8. Capital Gains Treatments: Definition & Advantages

Depending on the length of time that you've owned an asset, there are different capital gains taxes that come into effect. This lesson will help you ascertain the difference between short-term and long-term capital gains taxes.

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