Violet Corporation reported a loss in 2018 of 5610,000 and carried back the loss to the extent allowed. The company reported taxable income of $215,000 in 2016 and $245,000 in 2017. It has no permanent or temporary differences and its tax rate is 30%. Violet reported taxable income of $345,000 in 2019. What is the necessary journal entry for 2019? 183,000 138,000 45,000 103,500 58,500 45.000 O A. Income Tax Expense Income Tax Payable Deferred Tax Asset OB. Income Tax Expense Income Tax Payable Deferred Tax Asset OC. Income Tax Refund Receivable Deferred Tax Asset Income Tax Benefit OD. Income Tax Refund Receivable Deferred Tax Asset Income Tax Benefit 138,000 45,000 183,000 58,500 45,000 103,500 Kravitz Corporation had income before taxes of $890,000 and a tax rate of 45%. Included in the income are $40,000 in municipal bond interest and $20,000 in fines and penalties. There are no other book-tax differences Refer to Kravitz Corporation. What is Kravitz' effective income tax rate? (Do not round intermediate calculations. Only round your final answer to the nearest tenth percent) O A. 48% OB. 44% OC. 45%