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How much state income tax MUST be paid by a corporation that has $30, 000 of Federal taxable income? The company deducted $2, 000 of
How much state income tax MUST be paid by a corporation that has $30, 000 of Federal taxable income? The company deducted $2, 000 of state and local taxes on the Federal return, and had $2, 000 of qualified worker retraining expenses. The corporation does business ONLY in Virginia. (1, 800 is not the right answer, apparently it is $980)
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