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Dovator [93]
2 years ago
10

Which type of tax is paid by businesses on their profits to federal or state governments?

Business
1 answer:
Anna11 [10]2 years ago
5 0

Answer:

Corporate income tax

Explanation:

A corporate income tax (CIT) is levied by federal and state governments on business profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business).

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