For the current year, a company reported pretax accounting income of $180,000, taxable income of $125,000, and an increase in a deferred tax liability of $11,000. Assuming a tax rate of 20%, what is net income? For the current year, a company reported pretax accounting income of $180,000, taxable income of $125,000, and an increase in a deferred tax liability of $11,000. Assuming a tax rate of 20%, what is net income