High Corporate Tax Rates

question 24

Multiple Choice

High corporate tax rates

• A) encourage investment in new factories.
• B) provide strong incentives to avoid and evade taxes.
• C) attract foreign investors.
• D) make a nation a desirable location for investment.
• E) have been a growing trend since the 1980s.

---

Definitions:

Journalize

The process of recording transactions in a company's journal as part of the accounting cycle.

April

The month that comes fourth in the Gregorian calendar year.

Factory Overhead

All indirect costs, including indirect materials, labor, and expenses, incurred during the manufacturing process.

Machine Hours

A measure of production time or operation, referring to the total hours a machine is used or operates within a given period.