2018-Version A XYZ, Inc. reports tax The tax rate is expected to increase to future S20,000 2. ble income of $200,000 for 2008 and has a 30% marginal tax rate. 40% next year and remain at 40% for the foreseeable which represented an uncertain tax position (note, taxabile trom the determination of taxable income was a questionable deduction of S220,000 if the deduction had not been taken). Despite this uncertainty, income would have been They further anticipate the following probabilities of different antieano feel the deduction satisfies the"more likely than no criteria. outcomes with the IRS $15,000 $12,000 S10,000 30% $5,000 So 15% 10% What is the journal entry that XVZ Inc, will record to account for this uncertain tas position? If XYZ. Inc. is audited in 2009 and the IRS determines that only $15,000 of the deduction was allowed, what would the journal entry be to record the additional taxes due (ignore interest and penalties)