The estimated taxable income for Shebill Corporation on January 1, 2014, was $80,000, $100,000, $100,000, and $120,000, respectively, for each of the four quarters of 2014. Shebill's estimated annual effective tax rate was 30%
During the second quarter of 2014, the estimated annual effective tax rate was increased to 34%. Given only this information, Shebill's second quarter income tax expense was
A) $30,000.
B) $34,000.
C) $37,200.
D) $61,200.
C
Business
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