Mini, in Problem 12, reports $800,000 of pretax book net income in 2017. For that year, Mini

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Mini, in Problem 12, reports $800,000 of pretax book net income in 2017. For that year, Mini did not deduct any bad debt expense for book purposes but did deduct $15,000 in bad debt expense for tax purposes. Mini records no other temporary or permanent differences. Assuming that the U.S. tax rate is 35%, compute Mini's total income tax expense, current income tax expense, and deferred income tax expense?

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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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