CFA Practice Question

There are 520 practice questions for this study session.

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?

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!!!!
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