Question

How are businesses taxed with the corporate income tax?(1 point)
Responses

a Businesses pay a proportional or progressive tax based on their profits.

b Businesses pay a proportional tax based on their total receipts.

c All businesses pay the same amount of tax each year.

d Businesses pay a progressive tax based on their total expenses.

Answer 1

a Businesses pay a proportional or progressive tax based on their profits.