Which of the following isn't a typical federal/state adjustment?
A)Dividends received deduction
B)Depreciation
C)Meals
D)U)S. obligation interest income

Question

Quizplus · Accepted Answer

The other three options, dividends received deduction, depreciation, and U.S. obligation interest income, are all typical federal/state adjustments to taxable income. However, meals are not typically considered an adjustment and are instead subject to their own set of tax rules and deductions.

Which of the Following Isn't a Typical Federal/state Adjustment