Relix, Inc., is a domestic corporation. Relix reported two permanent differences between book and taxable income. It earned $2,375 in tax-exempt municipal bond interest, and it incurred $780 in nondeductible meals and entertainment expense. Relix's book income before tax is $4,800. Assume a 34% corporate tax rate.

Provide the information for the income tax footnote rate reconciliation for Relix.

For dollar amounts, rounddownto the nearest dollar. For the percentages, round to the two decimal places.

	Dollars	Percentage
Tax on book income at statutory rate
Tax-exempt income
Nondeductible meals and entertainment
Provision for income tax expense