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Which of the following taxes paid by the Fowlers Company can be deducted during 2018? I State sales tax on utilities II. Federal income tax

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Which of the following taxes paid by the Fowlers Company can be deducted during 2018? I State sales tax on utilities II. Federal income tax paid in 2018 when filing Fowlers' 2017 corporate tax return. Both statements are correct. Only statement II is correct. Only statement I is correct. Neither statement is correct

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