If a corporation with a 21% marginal federal income tax rate pays $20,000 state income tax, the after-tax cost of the state tax is $15,800.
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Q1: The UDITPA formula for apportioning income among
Q2: Multi-state businesses can reduce their overall tax
Q4: Article 1 of the U.S. Constitution, referred
Q5: BiState Inc. conducts business in North Carolina
Q6: A corporation is usually subject to tax
Q7: The sales factor in the UDITPA state
Q8: All states assessing an income tax use
Q9: If Gamma Inc. is incorporated in Ohio
Q10: Luttrix Inc. does business in Nebraska (6%
Q11: Non-resident firms selling tangible goods to in-state
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