Multiple choice

What is corporate tax levied on?

  1. Market value

  2. Production of companies

  3. Inventory

  4. Income of companies
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Corporate tax is levied on the net income or profits earned by companies, not on their market value, production capacity, or inventory. It's a direct tax on corporate earnings after accounting for all business expenses.

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