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dem82 [27]
3 years ago
9

Taxable income of a corporation

Business
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer:

Option b. Differs from accounting income due to differences in interperiod allocation and

permanent differences between the two methods of income determination.

Explanation:

Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.

A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.

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Explanation:

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5 0
3 years ago
Holly would like to run an annual major disaster recovery test that is as thorough and realistic as possible. she also wants to
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Let's say Owen would like to take another loan to pay for new furniture, and the loan payment would be $325 per month. If he too
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2 years ago
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Vinvika [58]

Answer:

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