Which of the following is tax exempt for a domestic corporation? a. business income derived from abroad b. dividend from a domestic corporation c. monetary benefit from deposit substitute 2.) Which of the following types of income is/are not returnable a. Professional Income b. Business Income c. Compensation Income
Which of the following is tax exempt for a domestic corporation? a. business income derived from abroad b. dividend from a domestic corporation c. monetary benefit from deposit substitute 2.) Which of the following types of income is/are not returnable a. Professional Income b. Business Income c. Compensation Income
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 19MCQ
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1.) Which of the following is tax exempt for a domestic corporation?
a. business income derived from abroad
b. dividend from a domestic corporation
c. monetary benefit from deposit substitute
2.) Which of the following types of income is/are not returnable
a. Professional Income
b. Business Income
c. Compensation Income
d. Capital Gains
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