Louisiana Business Bulletin, 4. sējums,1. izdevums

$3,000 limitation applies A. B. Gray's adjusted net income Assume that A. B. capital stock tax cerns compensation for personal computation of Gray's computed as follows Credit for dependents credit for dividends declared value excess deductions of $195 dividends received 85 E. A. SALIERS earned income credit excess profits tax FEDERAL AND LOUISIANA federal income tax file a return Gray supported entirely Gray's tax gross profits husband or wife income in excess income Less income subject income tax law income tax returns interest on U. S. inventories Louisiana income tax LOUISIANA LAWS Louisiana State University March 31 Meyers normal tax Normal-tax net income optional method Personal exemption Credit proprietor's services regular method salary Second Revenue Act separate returns Subject to tax Surtax net income surtax rates table of surtax tax on corporations taxable domestic corporations taxpayer thereof is taxable Total tax U. S. obligations value excess profits whichever is less