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Marlin corporation reported pretax book income of $1,000,000. during the current year, the net reserve for warranties increased by $25,000. in addition, book depreciation exceeded tax depreciation by
Marlin corporation reported pretax book income of $1,000,000. during the current year, the net reserve for warranties increased by $25,000. in addition, book depreciation exceeded tax depreciation by $100,000. finally, marlin subtracted a dividends received deduction of $15,000 in computing its current year taxable income. using a tax rate of 34%, marlin's current income tax expense or benefit would be