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Which of the following does the CARES Act provide? O O A. It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020. B. It eliminates bonus depreciation for leasehold improvement property. C. It disallows the deduction of excess business losses by noncorporate taxpayers. O D. It eliminates the employer portion of payroll taxes for 2 years

Which of the following does the CARES Act provide? O O A. It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020. B. It eliminates bonus depreciation for leasehold improvement property. C. It disallows the deduction of excess business losses by noncorporate taxpayers. O D. It eliminates the employer portion of payroll taxes for 2 years

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Which of the following does the CARES Act provide? OA. It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020. OB. It eliminates bonus depreciation for leasehold improvement property. O C. It disallows the deduction of excess business losses by noncorporate taxpayers. OD. It eliminates the employer portion of payroll taxes for 2 years.
Transcribed Image Text:Which of the following does the CARES Act provide? OA. It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020. OB. It eliminates bonus depreciation for leasehold improvement property. O C. It disallows the deduction of excess business losses by noncorporate taxpayers. OD. It eliminates the employer portion of payroll taxes for 2 years.
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