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What are the six main areas of business operations that the government regulates?

As a sole proprietor or a partner, the income your business earns is considered your personal income. As a result, the business income is taxed at your personal tax rate. It is doubled when you are a self-employed business owner because you are considered both employer and employee. It is different for a corporation because you pay personal income tax based on the salary you earn and other income derived from the business. In addition, the shareholders pay personal income tax on salaries or dividends. There are severe penalties for failure to file and pay income taxes.

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Q: What are the six main areas of business operations that the government regulates?
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