How is income taxed in a Sole Proprietorship compared to a Corporation?

• A. Income in a Corporation is not subject to any taxes.
• B. Income in a Corporation is taxed at the owner's personal tax rate.
• C. Income in a Sole Proprietorship is taxed at the corporate level.
• D. Income in a Sole Proprietorship is taxed as personal income to the owner.

Answer: (D)