Chicago Company,a Calendar-Year Corporation,had the Following Actual Income Before Income

question 16

Multiple Choice

Chicago Company,a calendar-year corporation,had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X2:

Chicago's income tax expense in its interim income statement for the third quarter should be

• A) $36,000
• B) $41,000
• C) $42,400
• D) $84,000

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