Which of the following statements regarding the domestic production activities deduction is false?
A) The deduction is equivalent to a reduced tax rate on income from any qualified activity.
B) The amount of the deduction allowed for any tax year cannot exceed 50% of the total compensation paid to the corporation's U.S.workforce.
C) The deduction equals a percentage of the lesser of the corporation's net income from qualified activities or its taxable income before the deduction.
D) The deduction is only available for U.S.taxpayers engaged in manufacturing activities.
Correct Answer:
Verified
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