Which of the Following Cannot Be Used to Reduce Taxable

question 5

Multiple Choice

Which of the following cannot be used to reduce taxable corporate income?

• A) Cash dividends
• B) Depreciation expense
• C) Interest expense
• D) Administrative expenses

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Definitions:

Benjamin Franklin

An American polymath who was a founding father of the United States.

Certain

Completely confident or sure about a situation or outcome.

Taxes

Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Federal Transfer Payments

Payments from the federal government to individuals, states, or other governmental entities without any requirement for repayment.