Question 12 Homework Unanswered Polk Co. had gross revenue realized of $162,000, deductions of $84,000, credits of $7,000, and a tax exclusion of $6,000. How much was Polk's tax expense is the tax rate is 21%? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $15,120 b $8,120 $13,650 d $8,910 Question 13 Homework Unanswered Which of the following are true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Exclusions are expenses that are not required to be deducted. b Credits are subtracted to arrive at the amount of tax due. Deductions on the tax return are always the same as expenses on the Income Statement. d Taxable income is the amount of tax expense