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Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are subject to a self-employment tax of approximately 15%. can be deferred to the
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Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are subject to a self-employment tax of approximately 15%. can be deferred to the next tax year. can't be taxed again in a future tax year.

User Kakey
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Answer:

(B) are subject to a self-employment tax of approximately 15%.

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User Welegan
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