Hambone Corporation is subject to the State E capital stock tax. The tax is levied at 2% of the entity's net worth that is apportioned to State E. Hambone conducts 30% of its operations in State E. Hambone's current book balance
sheet is as follows with amounts in millions. Compute Hambone's liability for the State E capital stock tax.

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The Answer of Hambone Corporation is subject to the State E capital stock tax. The tax is levied at 2% of the entity's net worth that is apportioned to State E. Hambone conducts 30% of its operations in State E. Hambone's current book balance
sheet is as follows with amounts in millions. Compute Hambone's liability for the State E capital stock tax.

Hambone Corporation Is Subject to the State E Capital Stock