Responses
Businesses pay a proportional or progressive tax based on their profits.
Businesses pay a proportional or progressive tax based on their profits.
Businesses pay a proportional tax based on their total receipts.
Businesses pay a proportional tax based on their total receipts.
All businesses pay the same amount of tax each year.
All businesses pay the same amount of tax each year.
Businesses pay a progressive tax based on their total expenses.
Businesses pay a progressive tax based on their total expenses.
1 answer
The correct response is:
Businesses pay a proportional or progressive tax based on their profits.
In many jurisdictions, corporate income tax is typically assessed as a percentage of a company's profits, and the rates can be either proportional (flat) or progressive (increasing with higher profit levels).
