BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following statements about state and city income taxes is true?
A
State and city income taxes never use a flat tax rate.
B
If you owe federal income tax, you are not responsible for state or city income tax.
C
State and city income tax is based on your federal taxable income.
D
If you live in a city that charges income tax, you will not owe state income tax.
Explanation: 
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