Find the TarHeel accounting effective tax rate

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Question - TarHeel Corporation reported pretax book income of $1,010,000. During the current year, the net reserve for warranties increased by $100,500. In addition, tax depreciation exceeded book depreciation by $202,500. Finally, TarHeel subtracted a dividends received deduction of $52,000 in computing its current year taxable income. Find the TarHeel's accounting effective tax rate?

Reference no: EM132631186

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