Green Corporation reported pretax book income of $1,024,000. During the current year, the net reserve for warranties increased by $51,200. In addition, tax depreciation exceeded book depreciation by $106,000. Finally, Green subtracted a dividends received deduction of $25,600 in computing its current-year taxable income. Green's cash tax rate is:

92.15%

Explanation:

Calculation for Green's cash tax rate

First step is to calculate the taxes payable

Taxes payable=$1,024,000+$51,200-$106,000-$25,600

Taxes payable=$943,600

Now let calculate the cash tax rate

Using this formula

Cash tax rate=Taxes payable/Pretax book income

Let plug in the formula

Cash tax rate=$943,600/$1,024,000

Cash tax rate=0.9215*100

Cash tax rate=92.15%

Therefore the Cash tax rate is 92.15%

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23