Which of the following taxes are included in the total income tax expense of a corporation reported on its Federal tax return?

Question

Quizplus · Accepted Answer

Only the Federal income taxes are included in the total income tax expense reported on a corporation's Federal tax return. State, local, and foreign income taxes may be deductible expenses, but they are not included in the total income tax expense reported on the Federal tax return.

Which of the Following Taxes Are Included in the Total