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This year, Mesa Inc.s before-tax income was $10,752,000. It paid $489,000 income tax to Minnesota and $427,000 income tax to Illinois. Compute Mesas federal income
This year, Mesa Inc.s before-tax income was $10,752,000. It paid $489,000 income tax to Minnesota and $427,000 income tax to Illinois.
- Compute Mesas federal income tax.
- What is Mesas tax rate on its income?
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