Business FinancesQuestion 1157 of 1605
The California minimum franchise tax that most corporations must pay to the Franchise Tax Board each year is:
a.$8,000
b.$800
c.$1,000
d.$25
Explanation
California imposes an $800 minimum franchise tax on most corporations and LLCs doing business in the state, payable annually to the Franchise Tax Board regardless of profit (with a limited first-year exemption for certain new corporations).
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)