Indicate by I if the following is an increase in taxable income to determine current earnings and profits or D if it is a decrease in taxable income in determining current earnings and profits.
-A fine for monopolistic practices

Question

Quizplus · Accepted Answer

A fine for monopolistic practices is a non-deductible expense, which decreases taxable income when determining current earnings and profits.

Indicate by I If the Following Is an Increase in Taxable