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Compute the income tax expense

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Question - When the income statement columns of the December 31, 2019, work sheet of Hogue Corporation were initially subtotaled, the debit and credit entries had balances of $24,750 and $38,750, respectively, before income taxes were recorded. If the appropriate tax rate for Hogue Corporation is 30 percent, compute the 2019 income tax expense?

a. $9,800

b. $4,200

c. $11,625

d. $3,600

Reference no: EM132681777

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