For a company with a state tax rate of 8%, compute the states taxable income using the following data: Gross income from sales: $50,000,000 Accumulated business expenses: $9.000,000 Depreciate charges on assets: $12,000,000 Using the information from question 6, determine the state taxes owed. Using the data from question 6 and 7 , what is the federal taxable income? Using the data from question 6,7 and 8. What is the federal income taxes owed? Using the data from the previous question involving the firms taxes, calculate the combined incremental state and federal income tax rate