Asked by Dharmesh Kharel on May 08, 2024
Verified
Very small corporations pay _______ % of their income in corporation income taxes.
A) 0
B) under 35
C) 35
D) over 35
Corporation Income Taxes
Taxes applied to the income or profit of corporations.
Small Corporations
These are businesses that are smaller in size, often categorized by fewer employees or lower annual revenue.
Income
The flow of cash or its equivalent received from work or investments over time.
- Attain familiarity with the concepts concerning the stock market and ownership in corporations.
Verified Answer
HN
Hoang NguyenMay 14, 2024
Final Answer :
B
Explanation :
Very small corporations typically pay under 35% of their income in corporation income taxes, as the exact rate can vary based on various factors including the country's tax laws, available deductions, and credits.
Learning Objectives
- Attain familiarity with the concepts concerning the stock market and ownership in corporations.