The corporate tax structure in the U.S.is based on a:
A)maximum tax rate of 38 percent.
B)minimum tax rate of 10 percent.
C)flat rate of 34 percent for the highest income earners.
D)flat-rate tax.
E)modified flat-rate tax.

Question

Quizplus · Accepted Answer

The U.S. corporate tax structure is a modified flat-rate tax, where a flat rate is applied with certain modifications and exceptions, rather than a simple flat rate or a maximum/minimum rate.

The Corporate Tax Structure in the U