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Calculate TN Franchise and Excise tax: Given the following: Book value of property Real estate rental Net Worth Federal taxable income Deduction for Th tax

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Calculate TN Franchise and Excise tax: Given the following: Book value of property Real estate rental Net Worth Federal taxable income Deduction for Th tax taken for federal Industrial Machinery credit Jobs credit Quarterly estimated payments25000 each $ 3,000,000 10,000/year 2,500,000 1,200,000 60,000 500 1.500 rior year overpayment no refund imed - apply to 2018 10000 ate franchise and excise taxes s and amount ot payment or refund due show calculations

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