Which of the following may be deducted from income on the federal corporate tax return? A)...
Which of the following may be deducted from income on the federal corporate tax return?
A) dividends
B) interest expense
C) a and b
D) neither a nor b
Homework Answers
Answer is option B - interest expense
Interest expense is deductible from income on the federal corporate tax return. Whereas Dividends is not deductible from income on the federal corporate tax return. Hence, option B is correct.
Dividends is an appropriation of profit unlike interest expense.
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Which of the following may be deducted from income on the
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