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Current Attempt in Progress Bonita Corporation began 2022 with a $95,800 balance in the Deferred Tax Liability account. At the end of 2022, the related

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Current Attempt in Progress Bonita Corporation began 2022 with a $95,800 balance in the Deferred Tax Liability account. At the end of 2022, the related cumulative temporary difference amounts to $336,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2022 is $504,000, the tax rate for all years is 40%, and taxable income for 2022 is $407,500. (a) Compute income taxes payable for 2022 Income taxes payable eTextbook and Media List of Accounts Attempts: 0 of 2 used

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