Question

As of 2018, U.S. tax law limits the tax deduction for interest payments to 30 percent of: Multiple Choice

net income.

net revenue.

EBT.

the total interest paid.

EBIT.

Answer 1

EBIT

Step-by-step explanation:

As of 2018 US Tax law limits the tax deduction for interest payments to 30 percent of EBIT.

The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code.