Income taxes are imposed at the Federal level, most of the US states, and some of the local levels of government. The Federal income tax base is considered to be taxable income. And to ensure the tax collection, their are "pay-as-you-go" methods (i.e. withholding or tax prepayments). Corporate taxable income does not require AGI, does not provide a standard deduction, and will allow business expense deductions.
0 Comments
Leave a Reply. |
Archives
June 2019
Categories |