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Business, 01.01.2021 03:10 wolffee895

Royce, a California resident receives $20,000 from a rental building in Arkansas. Royce only reports the $20,000 to Arkansas and pays $2,000 net income tax to Arkansas. Since Royce is a California resident, California also taxes the $20,000, but gives him a tax credit for what amount for the tax he paid to Arkansas

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