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Lyon Group's income before taxes is $450,000 and its tax rate is 30%. Lyon included $30,000 in fines and penalties in the $450,000. There are
Lyon Group's income before taxes is $450,000 and its tax rate is 30%. Lyon included $30,000 in fines and penalties in the $450,000. There are no other book-tax differences. What is the income tax liability for Lyon Group?
A. $126,000
B. $135,000
C. $144,000
D. $141,000
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