Green Corporation reported pretax book income of $1,002,000. During th


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Green Corporation reported pretax book income of $1,002,000. During the current year, the net reserve for warranties increased by $50,100. In addition, tax depreciation exceeded book depreciation by $100,500. Finally, Green subtracted a dividends received

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Green Corporation reported pretax book income of $1,002,000. During
the current year, the net reserve for warranties increased by $50,100. In addition, tax depreciation exceeded book depreciation by $100,500. Finally, Green subtracted a dividends received deduction of $25,050 in computing its current year taxable income. Green's cash tax rate is:
Multiple Choice


-21%.
-20.48%.
-19.95%.
-19.42%.

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