In 2008, Delaney Company had revenues of $180,000 for book purposes and $150,000 for tax purposes. Delaney also had expenses of $100,000 for both book and tax purposes. If Delaney has a 35% tax rate, what is Delaney's income tax payable for 2008?
A) $10,500
B) $17,500
C) $28,000
D) $35,000
Correct Answer:
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