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Q. |
Corporation tax is a tax imposed on - |
A. | the net incomes of the companies |
B. | the corporate properties |
C. | the utilities provided by the corporation |
D. | tax imposed by the corporation on individual properties |
Answer» A. the net incomes of the companies | |
Explanation: Corporate Tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period. Most countries tax all corporations doing business in the country on income from that country. |
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