Complete the following chart by indicating whether each item is true or false. Explain your answer by referencing the overlap of rules appearing in Federal and most state income tax laws.

A. Most of the states start with Federal income taxable income in computing state taxable income.

B. The states use a wide variety of rules to compute taxable income, thus, there is no typical state income tax computation.

C. State rules as to which entities can join in a consolidated return match those of Federal law.

D. The corporate income tax systems of most states can be described as having progressive rate structures.

E. A typical state income tax credit would equal 10% of the costs incurred to purchase and install solar energy panels for an existing factory.