Info

(24%)

($48,000 ^ $200,000)

*[($50,000 X 15%) + ($25,000 X 25%)

+ ($25,000 x 34%) + ($100,000 x

39%)]

Note A: A general business tax credit that cannot be used in

the current period may be carried back to the prior

year. If tax credits still remain after the carryback, they may be carried forward 20 years.

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