Calculate IN Franchise and Excise tax: Given the following: Book value of property $3,000,000 Real estate rental 10,000/year 2,500,000 1,200,000 Net Worth Federal taxable income Deduction for Th tax taken for federal Industrial Machinery credit Jobs credit Quarterly estimated payments 25,000 each Prior year overpayment- no refund claimed apply to 2018 Calculate franchise and excise taxes and amount of payment or ref 60,000 500 1,500 10.000 Calculate IN Franchise and Excise tax: Given the following: Book value of property $3,000,000 Real estate rental 10,000/year 2,500,000 1,200,000 Net Worth Federal taxable income Deduction for Th tax taken for federal Industrial Machinery credit Jobs credit Quarterly estimated payments 25,000 each Prior year overpayment- no refund claimed apply to 2018 Calculate franchise and excise taxes and amount of payment or ref 60,000 500 1,500 10.000