Which type of tax is paid by businesses on their profits to federal or state governments? Corporate income tax
Estate tax
Personal property tax
Sales tax

Corporate income tax

Explanation:

A corporate income tax (CIT) is levied by federal and state governments on business profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business).

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: