abbeymorris8142 abbeymorris8142
  • 18-08-2022
  • Business
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In a partnership form of organization, income tax liability, if any, is incurred by?

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jayilych4real
jayilych4real jayilych4real
  • 23-08-2022

In a partnership form of organization, income tax liability, if any, is incurred by the partnership itself.

What is Partnership?

This refers to the situation where a group of people comes together to achieve a common goal.

Hence, we can see that in a partnership form of organization, income tax liability, if any, is incurred by the partnership itself.

This is because they are all liable and responsible for any outcome.

Read more about partnerships here:

https://brainly.com/question/14034519

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