Toledo Imports, a calendar-year corporation, had the following income before tax expense and estimated effective annual income tax rates for the first three quarters in 20X8: Estimated Effective Income Before Annual Tax Rate at theQuarterIncome Tax Expense End of Each QuarterFirst $200,000 32% Second $280,000 31% Third $360,000 30% Toledo's income tax expense in its interim income statement for the nine months ended September 30 and for the third quarter, respectively, are:
A. $252,000 and $108,000.
B. $250,800 and $103,200.
C. $250,800 and $108,000.
D. $252,000 and $103,200.
Answer: D
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