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Green Corporation reported pretax book Income of $1,010,000. During the current year, the net reserve for warranties increased by $50,500. In addition, tax depreciation exceeded

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Green Corporation reported pretax book Income of $1,010,000. During the current year, the net reserve for warranties increased by $50,500. In addition, tax depreciation exceeded book depreciation by $102,500. Finally, Green subtracted a dividends received deduction of $25,250 In computing Its current year taxable income. Green's cash tax rate is: Multiple Choice 21% 20.48% 19.95% 19.39%

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