Marlin tax rate 34%

Grand River tax rate 21%

Marlin Corporation reported pretax book income of $1,020,000. During the current year, the net reserve for warranties increased by $29,000. In addition, book depreciation exceeded tax depreciation by $102,000. Finally, Marlin subtracted a dividends received deduction of $17,000 in computing its current year taxable income. Marlin's current income tax expense or benefit would be: Multiple Choice $241,710 tax expense. $238,140 tax expense. $214.200 tax expense. $209,370 tax expense. Connect cation Assignment Saved Save & Exit Help Subr Grand River Corporation reported pretax book income of $550,000. Included in the computation were favorable temporary differences of $125,000, unfavorable temporary differences of $50,000, and favorable permanent differences of $110,000. The corporation's current income tax expense or benefit would be: Multiple Choice $115.500 tex benet $110.250 tax expense $99,750 tax benetit $76.650 tax expense