How does the government tax corporate income

Name: How does the government tax corporate income
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The government taxes corporate income on the basis of profit. The corporation calculates its taxable income by subtracting expenses from its revenue. The resulting amount is the profit, which is subject to taxation. Generally, the tax rate is a percentage of the profit, and it may vary depending on the size of the corporation and its location.

How Does the Government Tax Corporate Income