Question

The Taxation Department at Verizon​ Communications, Inc., is responsible for preparing the​ federal, state, and local income and franchise tax returns for the corporation.

Answer 1

Verizon Communications, Inc.'s Taxation Department is responsible for preparing the federal, state, and local income and franchise tax returns for the corporation.

Step-by-step explanation:

The subject of this question is Business.

Verizon Communications, Inc.'s Taxation Department is responsible for preparing the federal, state, and local income and franchise tax returns for the corporation. This falls under the scope of business taxation.

Corporate income taxes are a major category of taxes that corporations pay on their profits. The federal government collects these taxes based on the company's profitability.