1 what is the difference between the federal income tax on, Accounting Basics

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1 what is the difference between the federal income tax on

1. What is the difference between the Federal income tax on individuals and that imposed on corporations?

2. As to those states that impose an income tax, comment on the following:

a. "Piggyback" approach and possible "decoupling" from this approach.

b. Deductibility of Federal income taxes.

c. Credit for taxes paid to other states.

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