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If the income tax rate is 29% and operating income is 550,000 and loss on discontinued operations is 82,000 what is the income tax expense?

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If the income tax rate is 29% and operating income is 550,000 and loss on discontinued operations is 82,000 what is the income tax expense?

Provincial Inc. reported the following before-tax income statement items: Operating income Loss on discontinued operations $550,000 82,000 Provincial has a 29% income tax rate. Provincial would report the following amount of income tax expense as a separately stated line item in the income statement

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