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A company prepared the following reconciliation for 2021: Pretax financial income for 2021 $ 2,500 Originating temporary difference 360 Permanent difference 210 Taxable income $xxxx

A company prepared the following reconciliation for 2021:

Pretax financial income for 2021 $ 2,500

Originating temporary difference 360

Permanent difference 210

Taxable income $xxxx (figure this amount out on your own)

The temporary difference will reverse evenly over the next two years (note: the parentheses outside the temporary difference mean subtraction). The enacted tax rate is 30% for all years. Compute the companys income tax expense for 2021.

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