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Business tax rates in New Jersey vary based on the type of business entity and the income level. For corporations, the tax rate ranges from 6.5% to 11.5% depending on the income bracket. Partnerships typically pass their income through to individual partners, who then report their share on personal returns, which may also influence taxes owed. To understand your specific obligations, it's wise to review the PART-160 NJ Division Of Taxation (10-11) PARTNERSHIP NAME Underpayment Of Estimated N provisions.
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