Match Each of the Following Terms with the Appropriate Description

question 35

Multiple Choice

Match each of the following terms with the appropriate description in the state income tax formula. Apply the
UDITPA rules in your responses.
-Federal general business credit.

• A)Addition modification
• B)Subtraction modification
• C)No modification

---

Definitions:

Owner

An individual or entity that legally possesses property, rights, or titles.

Authority

The legal power or right given to an individual or entity to act on behalf of another or make decisions within certain guidelines or scopes.

Specified Time

A clearly defined or established period within which something is supposed to happen or be completed.

Confidential

Information, documents, or communications that are intended to be kept secret or private, often due to their sensitive nature.