Question: Angel Corporation reported pretax book income of $ 1 , 0 0 4 , 0 0 0 . During the current year, the net reserve

Angel Corporation reported pretax book income of $1,004,000. During the current year, the net reserve for warranties increased by $25,600. In addition, tax depreciation exceeded book depreciation by $101,000. Finally, Angel subtracted a dividends received deduction of $25,800 in computing its current-year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

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