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15. (LO4) Assume a single, part-year California resident has taxable income of $60,000 (computed as...

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Accounting

15. (LO4) Assume a single, part-year California resident has taxable income of $60,000 (computed as if a full-year resident), taxable income of $40,000 (California sources only), and tax on the $60,000 of $2,598. What is the tax on the part-year residents California Source income before exemption credit? (round the tax rate decimal to 4 points or .xxxx) $600 my answere

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