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Bonita Corporation has one temporary difference at the end of 2 0 2 0 that will reverse and cause taxable amounts of $ 5 5

Bonita Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $55,000 in 2021 $59,900 in 2022, and \$64,700 in 2023. pretax financial income for 2020 is $322,700, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020.( a ) Compute taxable income and income taxes payable for 2020 Taxable income Income taxes payable $

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