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In its first year of operations, Poli Corporation's reconciliation of pretax accounting income to taxable income is as follows: Poli's tax rate is 25%. Assume

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In its first year of operations, Poli Corporation's reconciliation of pretax accounting income to taxable income is as follows: Poli's tax rate is 25%. Assume that no estimated taxes have been paid. What should Poli report as its income tax expense for its first year of operations? Multiple Choice 55,050 $73.525 $68.475 $77,500

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