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I really need help with this question. I keep coming up with an answer no where near the choices. Please explain. TarHeel Corporation reported pretax
I really need help with this question. I keep coming up with an answer no where near the choices. Please explain.
TarHeel Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $100,900. In addition, tax depreciation exceeded book depreciation by $204,500. Finally, TarHeel subtracted a dividends received deduction of $53,600 in computing its current year taxable income. TarHeel's accounting effective tax rate is:
Multiple Choice
21%
19.89%
18.79%
17.68%
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