CFA CFA Level 1 trouble with Income tax question

trouble with Income tax question

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    • Avatar of wannabe1988wannabe1988
        • CFA Level 1

        Need some help with this question, don’t understand why the answer is C. Why are we not taking the “state income taxes, net of federal benefit” into account? What is this “expected federal income tax expense (benefit) from continuing operations at 34%”? This chapter is pretty confusing… 

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