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Stillwater Corporation is subject to tax only in State A. Stillwater generated the following income and deductions: Federal taxable income $2,350,000 State A income tax

Stillwater Corporation is subject to tax only in State A. Stillwater generated the following income and deductions:

Federal taxable income $2,350,000
State A income tax expense 59,700
NOL deduction allowed for Federal purposes (18,500)
NOL deduction allowed for state tax purposes (20,000)
Depreciation expense allowed for Federal tax purposes 92,150
Depreciation expense allowed for state tax purposes 60,500

Federal taxable income is the starting point in computing State A's taxable income. State income taxes are not deductible for State A's tax purposes. In addition, Stillwater paid $800,000 in dividends to its common shareholders for the year.

Stillwater's State A taxable income is $

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