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1) Toys R us Corporation has $500,000 of pretax book income in 2021. They have $4,000 of nondeductible expenses (permanent book-tax differences). The corporate income

1) Toys R us Corporation has $500,000 of pretax book income in 2021. They have $4,000 of nondeductible expenses (permanent book-tax differences). The corporate income tax rate is 21%. What is their current tax expense?

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