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TLR Productions has book income of $650,000, and a tax rate of 35%. Assuming there is no book-tax income difference, what is TLR's income tax
TLR Productions has book income of $650,000, and a tax rate of 35%. Assuming there is no book-tax income difference, what is TLR's income tax expense?
A) $195,000
B) $227,500
C) $260,000
D) $422,500
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