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A company has a tax credit of $1,000, gross revenue of $90,000 (including interest received on a municipal bond of $8,000), and deductions of $14,000.

A company has a tax credit of $1,000, gross revenue of $90,000 (including interest received on a municipal bond of $8,000), and deductions of $14,000. Assume the tax rate is 21%. What is the company's tax expense?

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