Which of the following statements about corporate and individual taxpayers is false? ...
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Accounting
Which of the following statements about corporate and individual taxpayers is false?
| Both individuals and corporations can claim a foreign tax credit | ||
| Adjusted gross income is an important metric for both individuals and corporations because it determines whether the individual or the corporation qualified for certain deductions or credit. | ||
| Individuals are subject to a progressive tax rate structure, whereas a flat tax applies to corporations | ||
|
-----------Please answer with good explanation. Thx----------- |
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