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Kravitz Corporation Kravitz Corporation had income before taxes of $850,000 and a tax rate of 35%. Included in the income are $60,000 in municipal bond

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Kravitz Corporation Kravitz Corporation had income before taxes of $850,000 and a tax rate of 35%. Included in the income are $60,000 in municipal bond interest and $10,000 in fines and penalties. There are no other book-tax differences. Refer to Kraviz Corporation. What is the net amount of Kravitz' book-tax difference? O A. Book income that is $60,000 greater than taxable income O B. Taxable income that is $50,000 greater than book income O C. Taxable income that is $10,000 greater than book income O D. Book income that is $50,000 greater than taxable income

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