The Act of 2017 has multiple provisions; the following are likely of the most significant to all U.S. companies EXCEPT:
A) U.S. corporate income tax rate is reduced to 21%.
B) Limits the net interest deductions.
C) Allows companies to deduct the entire cost of equipment purchases from their taxable income.
D) all of the above

Question

Quizplus · Accepted Answer

All of the choices listed (A, B, and C) are significant provisions of the Act of 2017 that could impact U.S. companies.

The Act of 2017 Has Multiple Provisions; the Following Are