Green 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,Green subtracted a dividends received deduction of $25,000 in computing its current year taxable income.Using a tax rate of 34%,Green's cash tax rate is:

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The Answer of Green 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,Green subtracted a dividends received deduction of $25,000 in computing its current year taxable income.Using a tax rate of 34%,Green's cash tax rate is:

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