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Compute the Green cash tax rate

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Question - Green Corporation reported pretax book income of $1,008,000. During the current year, the net reserve for warranties increased by $50,400. In addition, tax depreciation exceeded book depreciation by $102,000. Finally, Green subtracted a dividends received deduction of $25,200 in computing its current year taxable income. Compute the Green's cash tax rate?

Reference no: EM132544327

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