What are special corporations? \begin{tabular}{|l|c|c|} \hline & TAX RATES & TAX BASE \\...

60.1K

Verified Solution

Question

Accounting

What are special corporations?

image

\begin{tabular}{|l|c|c|} \hline & TAX RATES & TAX BASE \\ \hline DC & & \\ \hline Proprietary Educational Institution & 10% & Net Income \\ \hline Non- profit Hospitals & 10% & Net Income \\ \hline Govt. Educational Institution & & \\ \hline Domestic Carriers & 30% & Net Income \\ \hline Cemetery co. owned for the benefits of members & & \\ \hline RFC & & \\ \hline International Carriers & 2.5% & Gross Ph. Billings \\ \hline Resident Foreign Hospitals for profit & 30% & Net Income \\ \hline ROHQ & 10% & Net Income \\ \hline RHQ & & \\ \hline NRFC & & \\ \hline Nonresident owner/lessor of vessel & 4.5% & Gross Receipts \\ \hline" " cinematographic film owner/lessor & 25% & Gross Income \\ \hline " aircraft, machineries, other equipment & 7.5% & Gross Receipts \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students