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Green Corporation reported pretax book income of $1,030,000. During the current year, the net reserve for warranties increased by $51,500. In addition, tax depreciation exceeded

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Green Corporation reported pretax book income of $1,030,000. During the current year, the net reserve for warranties increased by $51,500. In addition, tax depreciation exceeded book depreciation by $107,500. Finally, Green subtracted a dividends received deduction of $25,750 in computing its current year taxable income. Green's cash tax rate is: Multiple Choice 21%. o 20.48%. 19.95% O 19.33%

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