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As of our publication date, the federal corporate tax rate was 21%. General ledger account numbers for the journal entry are: A/C #40700 (Federal Income
As of our publication date, the federal corporate tax rate was 21%.
General ledger account numbers for the journal entry are: A/C #40700 (Federal Income Tax Expense) and A/C #20800 (Federal Income Taxes Payable). Show your calculation below.
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