The main difficulty in calculating an income tax is determining the correct amount of the tax base.

Question

Quizplus · Accepted Answer

The tax base is the amount of income or other financial activity subject to taxation, so determining the correct tax base is essential in calculating an accurate income tax. Other factors such as tax rates and deductions can also impact the final amount of tax owed, but determining the tax base is an important first step.

The Main Difficulty in Calculating an Income Tax Is Determining