Business, 28.10.2020 16:30 Gheaton6274

Marlin Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $28,600. In addition, book depreciation exceeded tax depreciation by $101,800. Finally, Marlin subtracted a dividends received deduction of $16,800 in computing its current year taxable income. Marlin's current income tax expense or benefit would be:

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Marlin Corporation reported pretax book income of $1,018,000. During the current year, the net reser...

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