Denver Company, a calendar-year corporation, had the following actual income before income 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 $100,000     30% Second $140,000     24% Third $180,000     30% Denver's income tax expense in its interim income statement for the third quarter should be:

A. $62,400.
B. $126,000.
C. $68,400.
D. $54,000.


Answer: C

Business

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