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Braxtin Co. has a deferred tax asset at December 31, 2020 of $1,146,000 from an operating loss carryforward. The enacted tax rate for 2017-2019 was

Braxtin Co. has a deferred tax asset at December 31, 2020 of $1,146,000 from an operating loss carryforward. The enacted tax rate for 2017-2019 was 20%; 25% for 2020; and 28% for 2021 and thereafter. ...

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