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time sensitive, just need answer quickly please/thanks Question 5 2 pts In 2017, Polanco Corporation had income before taxes of $215,000 and a tax rate
time sensitive, just need answer quickly please/thanks
Question 5 2 pts In 2017, Polanco Corporation had income before taxes of $215,000 and a tax rate of 35%, Included in the Polanco's GAAP income before tax were $20,000 in municipal bond interest and $2,500 in fines and penalties. There are no other book-tax differences. What is Polanco's 2017 taxable income? $217.500 ) S195.ooo O $197,500 $215,000
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