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1. At December 31, 2022, Foster Company had a deferred tax asset of $40,000. Then, at December 31, 2023, the deferred tax asset was $86,000.
1. At December 31, 2022, Foster Company had a deferred tax asset of $40,000. Then, at December 31, 2023, the deferred tax asset was $86,000. The 2023 current income tax payable (current tax expense) is $66,000. Calculate what the 2023 income tax expense should be, show your work
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