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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 36600.07 (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 36600.07 (Federal Income Tax Expense) and A/C 36600.07 (Federal Income Taxes Payable). Show your calculation below.

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