Question
Jill Corp is subject to tax in only one state. During the year, it generated the following: Depreciation for Federal tax (250K allowed for state:
Jill Corp is subject to tax in only one state. During the year, it generated the following:
Depreciation for Federal tax (250K allowed for state: $200,000
State income tax expense $ 60,000
Refund of state income tax $22,000
Federal taxable income is $1,200,000. What is the corporations state taxable income?
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Auditing A Complete Guide To Perform Internal And External Audits
Authors: Tim Power
1st Edition
1801490031, 978-1801490030
