KellerCo reports $5,000,000 of U.S. taxable income, the same as its book income, as there are no temporary book-tax differences this year. KellerCo is subject to a 21% Federal income tax rate. Its book-tax differences include the following.

Nondeductible business meals	$400,000
Tax depreciation in excess of book depreciation	1,500,000

Construct KellerCo's tax rate reconciliation for its GAAP tax footnote. Use either dollars or percentages in your reconciliation.

For the percentages, round to two decimal places.

	Amount	Percent
Statutory tax/Tax rate on book income	$	%
Nondeductible business meals	$	%
Income tax provision/Effective tax rate	$	%