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Assume that an entitys California tax after prior year provision to return true-ups is $500,000. If the California regular tax is $1,000,000 and its income
Assume that an entitys California tax after prior year provision to return true-ups is $500,000. If the California regular tax is $1,000,000 and its income tax expense is $125,000, then which of the following identifies the total current state tax expense?
A. $375,000 B. $625,000 C. $1,000,000 D. $1,125,000
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