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Assuming the following facts, calculate the Deffered tax expense (benefit) Sales $100,000 Pre-tax book net income 75,000 Entertainment 5,000 Book depreciation 20,000 Tax depreciation 50,000

  1. Assuming the following facts, calculate the Deffered tax expense (benefit)

Sales $100,000

Pre-tax book net income 75,000

Entertainment 5,000

Book depreciation 20,000

Tax depreciation 50,000

Tax rate 21%

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