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Tarheels accounting effective tax rate is

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TarHeel Corporation reported pretax book income of $1,032,000. During the current year, the net reserve for warranties increased by $101,600.

In addition, tax depreciation exceeded book depreciation by $208,000. Finally, TarHeel subtracted a dividends received deduction of $56,400 in computing its current year taxable income. TarHeel's accounting effective tax rate is?

Reference no: EM132316916

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