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Moss Incorporated Is a Washington Corporation

Question 1

Essay

Moss Incorporated is a Washington corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year:
Moss Incorporated is a Washington corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year: Moss's Oregon depreciation was $145,585. Moss's federal taxable income was $549,913. Assuming Oregon taxes all municipal bond interest, calculate Moss's Oregon state tax base. Moss's Oregon depreciation was $145,585. Moss's federal taxable income was $549,913. Assuming Oregon taxes all municipal bond interest, calculate Moss's Oregon state tax base.

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