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This year, Mesa Inc.'s before-tax income was $11,314,500. It paid $534,000 income tax to Minnesota and $454,000 income tax to Illinois. a. Compute Mesa's federal
This year, Mesa Inc.'s before-tax income was $11,314,500. It paid $534,000 income tax to Minnesota and $454,000 income tax to Illinois. a. Compute Mesa's federal income tax. b. What is Mesa's tax rate on its income? Complete this question by entering your answers in the tabs below. Required A Required B Compute Mesa's federal income tax. Federal income tax Required A Required B What is Mesa's tax rate on its income? (Do not round any intermediate division. Round your final answer to 2 decimal places.) Combined tax rate This year, Mesa Inc.'s before-tax income was $11,314,500. It paid $534,000 income tax to Minnesota and $454,000 income tax to Illinois. a. Compute Mesa's federal income tax. b. What is Mesa's tax rate on its income? Complete this question by entering your answers in the tabs below. Required A Required B Compute Mesa's federal income tax. Federal income tax Required A Required B What is Mesa's tax rate on its income? (Do not round any intermediate division. Round your final answer to 2 decimal places.) Combined tax rate
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