Aguilar Manufacturing has income before the tax on its books of $700,000, and a tax rate of

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Aguilar Manufacturing has income before the tax on its books of $700,000, and a tax rate of 30%. Assuming there are no book-tax income differences, what is Aguilar's income tax expense?

Group of answer choices

$210,000

$224,000

$294,000

$490,000

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118742976

16th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Jul 16, 2022 02:25 PM

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Aguilar Manufacturing has income before the tax on its books of $700,000, and a tax rate of

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Correct Option is 210000 ... View the full answer

Intermediate Accounting

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