What is the total state and federal income tax it must pay, Microeconomics

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What is the total state and federal income tax it must pay

Problem

A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation has a state taxable income of $150,000, what is the total state and federal income tax it must pay? Also, compute its combined incremental state and federal income tax rate.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the total state and federal income tax it must pay

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Microeconomics: What is the total state and federal income tax it must pay

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