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Sagot :
For the purpose of the federal income tax purpose, the taxable income is equal to the tax base.
What is a tax?
A tax simply means a compulsory financial levy that is imposed on a taxpayer by a governmental organization to fund government expenditures.
For federal income tax purposes, the taxable income is equal to the tax base. The tax base simply means a total amount of assets that can be taxed by the government. The tax base is used for the calculation of tax liabilities.
Learn more about tax on:
https://brainly.com/question/1775528
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