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Question 7 (2 points) Corporation B shows the following reconciliation between net income and taxable income. Corporation B's tax rate is 30%. Using the information

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Question 7 (2 points) Corporation B shows the following reconciliation between net income and taxable income. Corporation B's tax rate is 30%. Using the information in the following table calculate the tax payable. Financial Information Earnings before tax Permanent book/tax difference Temporary book/tax difference $265500 -25000 30000

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