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Rubio, Inc., an accrual basis C corporation, reports the following amounts for the tax year. The applicable income tax rate is 30% (combined Federal, state,

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Rubio, Inc., an accrual basis C corporation, reports the following amounts for the tax year. The applicable income tax rate is 30% (combined Federal, state, and global). Book Income, including the items below $80,000 Interest Income from City of Westerville bonds 10,000 Bribes pald to Federal inspectors 17,000 Liability for anticipated warranty costs (beginning of year) 20,000 Llability for anticipated warranty costs (end of year) 25,000 Indicate whether the following items create temporary or permanent differences. Increase in book allowance for anticipated warranty costs Interest income from City of Westerville bonds Bribes paid to Federal Inspectors b. Rublo's current tax expense is s

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