if a business reduces its taxable income, this will decrease which of the following? the amount of taxes it…

if a business reduces its taxable income, this will decrease which of the following? the amount of taxes it must pay the value of its current assets the rate of interest banks require

if a business reduces its taxable income, this will decrease which of the following? the amount of taxes it must pay the value of its current assets the rate of interest banks require

Answer

Brief Explanations:

Taxable income is used to calculate taxes. A reduction in taxable income directly affects the tax amount. Current assets are related to short - term resources, and bank interest rates are set by financial institutions.

Answer:

the amount of taxes it must pay