bbazan
Mar 29, 2013, 08:06 AM
Does anyone have a formula that solves for the state tax deduction on the federal 1120 and the federal tax deduction on the state?
For example, a Kansas corporation with pre-tax income of 24,618.
The Kansas rate is 4% after deduction for federal income tax.
The federal rate is 15% after deduction for state income tax.
My algebra is a little "rusty"
Bob
For example, a Kansas corporation with pre-tax income of 24,618.
The Kansas rate is 4% after deduction for federal income tax.
The federal rate is 15% after deduction for state income tax.
My algebra is a little "rusty"
Bob