The tax base for the corporate income tax in the United States is:

Question

Quizplus · Accepted Answer

The tax base for the corporate income tax in the United States is the sum of normal and economic profits of corporations. This means that both profits from normal business operations and profits from investments or other non-business activities are subject to taxation. Retained earnings may be included in this tax base if they are considered to be profits of the corporation.

The Tax Base for the Corporate Income Tax in the United