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Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringall report as its income tax expense for its first

Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringall report as its income tax expense for its first year of operations? Multiple Choice $84,000 $92,500 $88,875 $4.875

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