Southlawn Inc.'s taxable income is computed as follows: 
Using a 21% rate,compute Southlawn's tax expense per books and tax payable.
A) Tax expense per books $397,656; tax payable $357,966.
B) Tax expense per books $357966; tax payable $397,656.
C) Tax expense per books $612,570; tax payable $357,966.
D) None of the above
Correct Answer:
Verified
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