Use the Following Information for Questions 79 and 80

question 54

Multiple Choice

Use the following information for questions 79 and 80.
Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2015, its first year of operations. During 2015 the company had the following transactions:
-For 2015, what is the amount of income taxes payable for Rowen, Inc?

• A) $603,200
• B) $654,400
• C) $686,400
• D) $772,800

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Definitions:

Suspect Trait

A characteristic or feature in a person that may cause them to be viewed with suspicion or as a potential culprit in a criminal investigation.

Compelling Government Interest

A test of constitutionality that requires the government to have compelling reasons for passing any law that restricts fundamental rights, such as free speech, or distinguishes between people based on a suspect trait.

Federal Form

A standardized document required by a federal agency for specific purposes.

Sovereign Power

The ultimate authority of a state to govern itself or another state, including making and enforcing laws.