Question: Kantner, Inc., a domestic corporation, reported two permanent differences between book and taxable income. It earned $ 7 , 8 0 0 in tax -
Kantner, Inc., a domestic corporation, reported two permanent differences between book and taxable income. It earned $ in taxexempt municipal bond interest, and reported $ of nondeductible entertainment expenses. Kantner's book income before tax is $ Assume Kanter faces a Federal tax rate, owes no state or foreign income taxes, and has no need for a valuation allowance.Provide the information for the income tax footnote rate reconciliation for Kantner.For dollar amounts, if required, round to the nearest dollar and use rounded amounts in subsequent computations. For the percentage answers, round to four decimal places before converting to a percentage. For example, would be entered as
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