1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DiKsa [7]
3 years ago
11

The income and expenses of a corporation for federal income tax purposes are referred to as what type of income?a. nontaxableb.

accountingc. tax
Business
1 answer:
weeeeeb [17]3 years ago
4 0

Answer:

The correct answer is letter "C": tax.

Explanation:

The Federal Income Tax is collected by the U.S. <em>Internal Revenue Service</em> (<em>IRS</em>) based on the annual earnings of individuals, corporations and all legal entities. It is considered to be the largest source of revenue for the government. In general, they are called taxes.

You might be interested in
Jason is shopping for a new car. He completes new credit applications at four different dealerships. Will this affect his credit
trasher [3.6K]

Applying for a loan in each of the dealerships he visited will have negative consequences on his credit score.

The credit score is a term to refer to the score that people have toward the financial system. The credit score is a kind of business card for each person regarding their financial life.

One of the most common mistakes people make is when they make multiple credit applications when they intend to buy something because this is a bad practice for their credit score.

For example, if Jason completed credit applications in four different dealers, his score may drop because the entities that are going to lend him the money consider this activity as something negative.

In addition, people who apply for loans in different entities are generally forced to do so because they are denied the possibility of credit, that is, they have an unfavorable history to access a loan.

Learn more in: brainly.com/question/16663880

8 0
2 years ago
Agree or disagree: taxing the Internet would discourage new technology investment and employment growth.
Nonamiya [84]

disagree it should be free to every one


3 0
3 years ago
Read 2 more answers
Carter corporation applies manufacturing overhead on the basis of machine-hours. at the beginning of the most recent year, the c
stiks02 [169]
The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. 
6 0
3 years ago
Which of the following factors is not used to determine whether an activity is a hobby or a business?A) the taxpayer's expertise
melisa1 [442]

Answer: Option D    

 

Explanation: As per the tax laws, the activities in which the taxpayer has expertise in and he or she is getting some  kind of monetary benefit from performing it, then such activity will be seen as a business.

However, if the taxpayer do not repetitively perform an activity and derives no personal gain other than pleasure from performing such activity, then it will be a hobby.

Hence from the above we can conclude that the correct option is D.

7 0
3 years ago
Employees who are paid to complete a task, such as build a house, are paid on a(n) _____ basis
Ghella [55]

I'm pretty sure it hourly

3 0
2 years ago
Other questions:
  • The perfectly competitive price and output level occur where
    10·1 answer
  • A competitive strategy to be the low-cost provider in an industry typically does not work well when:_______
    14·2 answers
  • You purchased 2,200 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load o
    12·1 answer
  • Suppose chips and salsa are complements. An increase in the price of salsa will cause: A. An upward movement along the demand cu
    12·1 answer
  • Q 7.28: A multi-location flower shop receives payment from customers in person, over the Internet, and through the mail. When ch
    12·1 answer
  • ​Jim's Handicrafts' main product sells for​ $100 and the cost of goods sold is​ $40. The​ $60 (the difference between the​ two)
    11·1 answer
  • For purposes of determining gross income, which of the following is true?a. A mechanic completed repairs on an automobile during
    12·1 answer
  • Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing produ
    11·1 answer
  • The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In
    15·1 answer
  • Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!