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Calculating Current and Deferred Income There are six steps in calculating the current and deferred income tax expense or benefit components of a companys income

"Calculating Current and Deferred Income"

There are six steps in calculating the current and deferred income tax expense or benefit components of a companys income tax provision. Identify one of the six steps and describe the step in detail, explaining the issues that should be considered in that step and how it is computed.

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