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The California franchise and income taxes on corporations: A) Can both apply to the same taxpayer B) None of the above statements is true C)

The California franchise and income taxes on corporations:

A) Can both apply to the same taxpayer

B) None of the above statements is true

C) Both exist, but only one can apply to a taxpayer for a tax year

D) Were merged in 1995 to become the California business tax

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