[Solved] REFERENCE: Ref.07_09 White Company owns 60% of Cody Company.Separate tax returns are required.For 2009,White's operating income (excluding taxes and any income from Cody)was $300,000 while Cody reported a pretax income of $125,000.During the period,Cody paid a total of $25,000 in cash dividends,$15,000 (60%)to White with the remaining going to noncontrolling interest.The income tax rate for both companies is 30%. -Compute the income tax payable by White for 2009. A)$93,600. B)$91,350. C)$94,500. D)$90,900. E)$90,000. Sociologically Categorized: Classified or grouped according to sociological terms, theories, or criteria. Exploited Group: A group of individuals systematically taken advantage of by others for profit or gain, often through unfair labor or societal practices. Pornography: Materials (such as images, videos, or writings) that depict sexual content intended to stimulate erotic rather than aesthetic or emotional feelings. Monogamous Relationships: A form of relationship where an individual has only one partner, either in a marital or sexual context, during a period of time.