CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN: 9780357110362
Author: Murphy
Publisher: CENGAGE L
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Chapter 2, Problem 35P
To determine

State the tax consequences of the refund explain in terms of the concepts and explain the manner in which the answer will change if Person T’s actual state income tax is $4,900 and must pay $400 for the state return.

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