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Assume that taxable income in each of 2023, 2024, and 2025 was $366,300, $344,800, and $348,900, respectively, based on the calculations in the reconciliation statement
Assume that taxable income in each of 2023, 2024, and 2025 was $366,300, $344,800, and $348,900, respectively, based on the calculations in the reconciliation statement below, and that the tax rate each year is 30%. GR Corporation Reconciliation Statement 2023 $350.000 2024 2025 $350.000 $350.000 Accounting income Adjustments: Non-deductible insurance expense Rovaltv revenue Warrantv expense Taxable income (15.300) 31 600 $366.300 5,000 10 200 (20 400) $344 800 5.000 5.100 (11 200) $348.900 (a1) Calculate G
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