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BE17-5 (SI Spahr Company's income before taxes is $280,000, and its tax rate is 20%. Note that $67,200 is nontaxable interest income from its investment

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BE17-5 (SI Spahr Company's income before taxes is $280,000, and its tax rate is 20%. Note that $67,200 is nontaxable interest income from its investment in municipal bonds and is included in the $280,000. There are no other book-tax differences. Prepare a reconciliation of Spahr's statutory tax rate to its effective tax rate Start by selecting the labels, then enter the dollar amounts and percentages to reconcile the statutory tax rate to the effective tax rate. (Use parentheses or a minus sign for tax savings amounts. Enter percentages to one decimal place, X.X%.) Description Dollars Percentage % % %

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