During the year, AutoUSA Inc.received $4,600,000 of book income, including $20,000 of interest income from tax-exempt municipal bonds.AutoUSA reported $3,600,000 of regular business expenses.If it made $200,000 of estimated tax payments (prepayments)throughout the tax year, what is its tax due or tax refund when it files its return?

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The Answer of During the year, AutoUSA Inc.received $4,600,000 of book income, including $20,000 of interest income from tax-exempt municipal bonds.AutoUSA reported $3,600,000 of regular business expenses.If it made $200,000 of estimated tax payments (prepayments)throughout the tax year, what is its tax due or tax refund when it files its return?

During the Year, AutoUSA Inc