Question
Aguilar Manufacturing has income before the tax on its books of $700,000, and a tax rate of 30%. Assuming there are no book-tax income differences,
Aguilar Manufacturing has income before the tax on its books of $700,000, and a tax rate of 30%. Assuming there are no book-tax income differences, what is Aguilar's income tax expense?
Group of answer choices
$210,000
$224,000
$294,000
$490,000
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Intermediate Accounting
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