Question: Tax Drill - M-1 Indicate whether the following items would be Added to or Deducted from the net income per books on Schedule M-1

Tax Drill - M-1 Indicate whether the following items would be "Added"

Tax Drill - M-1 Indicate whether the following items would be "Added" to or "Deducted" from the net income per books on Schedule M-1 to arrive at the income per the tax return. a. Federal income tax per books. b. Interest income from tax-exempt bonds. C. Excess of capital losses over capital gains. d. Life insurance proceeds received as a result of the death of a key employee.

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