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Identify the important elements of the income tax in the state of Arkansas. Does your...

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Accounting

Identify the important elements of the income tax in the state of Arkansas. Does your state levy individual and corporate income taxes; do local governments levy such income taxes and, if so, are they linked to the state taxes; are the state income taxes linked to the federal income taxes; are the rates graduated; are there preferences in the state taxes that are not also in the federal taxes; and are the state taxes indeed?

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