CFA Practice Question
Which of the following is the income that is used to compute the amount of taxes to be paid in a period?
B. Taxable income
C. Either one can be used.
A. Pretax accounting income
B. Taxable income
C. Either one can be used.
Correct Answer: B
Taxable income is the amount of income shown on the tax return; it is the income to be used in computing tax liability.
User Contributed Comments 5
| User | Comment |
|---|---|
| Yurik74 | The only question I got answered right : ))) |
| DannyZhou | Me too! |
| dipu617 | Me too!!!! ;-) |
| gulfa99 | mmm...i am not good at this...i dont pay taxes |
| Diruuk | Me Too!!!! |