In 2020, AutoUSA Incorporated reported $4,900,000 of book income, including $23,000 of interest income from tax-exempt bonds. AutoUSA reported $3,900,000 of regular business expenses. If it made $213,000 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 In 2020, AutoUSA Incorporated reported $4,900,000 of book income, including $23,000 of interest income from tax-exempt bonds. AutoUSA reported $3,900,000 of regular business expenses. If it made $213,000 of estimated tax payments (prepayments)throughout the tax year, what is its tax due or tax refund when it files its return?

In 2020, AutoUSA Incorporated Reported $4,900,000 of Book Income, Including