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Business, 15.11.2019 01:31 angeleyes4u610p6np54

For its first year of operations, tringali corporation's reconciliation of pretax accounting income to taxable income is as follows: pretax accounting income $340,000 permanent difference (14,500) 325,500 temporary difference-depreciation (19,900) taxable income $305,600 tringali's tax rate is 36%.

what should tringali report as its income tax expense for its first year of operations?

a. $110,016.

b. $122,400.

c. $117,180

d.$120,681

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