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    bbazan Posts: 1, Reputation: 1
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    Mar 29, 2013, 08:06 AM
    Solving for state tax deduction accrual on federal 1120
    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

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