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8. A company reports the following financial data for the most recent tax year. Total Revenues Total Allowed Direct Expenses Allowed Federal Depreciation 340,000 220.000

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8. A company reports the following financial data for the most recent tax year. Total Revenues Total Allowed Direct Expenses Allowed Federal Depreciation 340,000 220.000 61,000 Under current tax rates for companies. what is the federal income tax for the company? State Income Tax Paid 5200

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