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Calculate the Green cash tax rate

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Question - Green Corporation reported pretax book income of $1,002,000. During the current year, the net reserve for warranties increased by $50,100. In addition, tax depreciation exceeded book depreciation by $100,500. Finally, Green subtracted a dividends received deduction of $25,050 in computing its current year taxable income. Calculate the Green's cash tax rate?

21%.

20.48%.

19.95%.

19.42%.

Reference no: EM132448051

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