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Calculate the income tax expense for Google LLC for the year ended December 31, 20XX, given the following information: Income before taxes: $1,500,000 Tax rate:

Calculate the income tax expense for Google LLC for the year ended December 31, 20XX, given the following information:

  • Income before taxes: $1,500,000
  • Tax rate: 25%
  • Deferred tax asset: $30,000
  • Deferred tax liability: $20,000

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