TarHeel Corporation reported pretax book income of $1,000,000.During the current year,the net reserve for warranties increased by $25,000.In addition,tax depreciation exceeded book depreciation by $100,000.Finally,TarHeel subtracted a dividends received deduction of $25,000 in computing its current year taxable income.Assume a tax rate of 34%.TarHeel's accounting effective tax rate is:

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The Answer of TarHeel Corporation reported pretax book income of $1,000,000.During the current year,the net reserve for warranties increased by $25,000.In addition,tax depreciation exceeded book depreciation by $100,000.Finally,TarHeel subtracted a dividends received deduction of $25,000 in computing its current year taxable income.Assume a tax rate of 34%.TarHeel's accounting effective tax rate is:

TarHeel Corporation Reported Pretax Book Income of $1,000,000