Goff Inc'S Taxable Income Is Computed as Follows

question 5

Multiple Choice

Goff Inc.'s taxable income is computed as follows. Using a 34% rate, compute Goff's tax expense per books and tax payable.

• A) Tax expense per books $345,508; tax payable $372,004
• B) Tax expense per books $345,508; tax payable $533,572
• C) Tax expense per books $507,076; tax payable $372,004
• D) Tax expense per books $372,004; tax payable $533,572

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