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This year, Marx Corporation's before-tax income was $2,000,000. It paid $175,000 income tax to Nebraska and $300,000 income tax to lowa. Compute Marx's federal income

This year, Marx Corporation's before-tax income was $2,000,000. It paid $175,000 income tax to Nebraska and $300,000 income tax to lowa. Compute Marx's federal income tax. Select one: a. $420,000 b. $320,250 c. $680,000 d. $518,500

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