In determining state taxable income, all of the following are adjustments to Federal income except:

Question

Quizplus · Accepted Answer

Federal net operating loss, Federal income tax expense, and dividends received from other U.S. corporations are all adjustments to Federal income for determining state taxable income. However, fringe benefits paid to officers and executives are not an adjustment to Federal income and must be separately added back to determine state taxable income.

In Determining State Taxable Income, All of the Following Are