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After all revenue and expense accounts, other than Income Tax Expense, have been extended to the Income Statement section of the worksheet of Shoes4u,

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After all revenue and expense accounts, other than Income Tax Expense, have been extended to the Income Statement section of the worksheet of Shoes4u, Inc., the net income is determined to be $306,000. Required: Compute the corporation's federal income taxes payable. (Assume that the firm's taxable income is the same as its income for financial accounting purposes). Corporate tax is 21 percent. Tax for year

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