Which of the Following Statements Is Incorrect with Respect to Determining

question 105

Multiple Choice

Which of the following statements is incorrect with respect to determining current E & P?

• A) All tax-exempt income should be added back to taxable income.
• B) Dividends received deductions should be added back to taxable income.
• C) Current year charitable contributions in excess of the 10% of taxable income limit should be subtracted from taxable income.
• D) Federal income tax refunds should be added back to taxable income.
• E) None of the above statements are incorrect.

---

Definitions:

Psychological Treatment

Interventions and therapeutic techniques used to treat mental health problems and improve psychological functioning.

Psychotherapy

A treatment method that involves psychological techniques to help a person change behavior and overcome problems in desired ways.

Psychological Disorders

Patterns of behavior or mental processes that are connected with emotional distress or significant impairment in functioning.

Behavior Therapists

Specialists who apply principles of learning and conditioning to help clients change undesirable behaviors.