Sandhil Company reports pretax financial Income of $66,300 for 2017. The following items cause taxable...
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Sandhil Company reports pretax financial Income of $66,300 for 2017. The following items cause taxable income to be dfferent than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $16,200. 2. Rent collected on the tax return is greater than rent 3. Fines for pollution appear as an expense of $10,700 on the income statement recognized on the income statement by $21,100. Sandhill's tax rate is 40% for all years, and the company expects to report taxable n come in all future years. There are no deferred taxes at the beginning of 2017. (c) (d) compute the effective income tax rate fr 2017. (Round answer to decimal places, e.g. 255%.) Effective, income tax rate Click if you would like to Show Work for this question: Open Show Work
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