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For the year ended December 31,2018, Jojo Company reported a pretax financial income of 2,500,000. The taxable income was 2,400,000.The difference is due to an
For the year ended December 31,2018, Jojo Company reported a pretax financial income of 2,500,000. The taxable income was 2,400,000.The difference is due to an Accrued interest income. The income tax rate is 30% and the company made an estimated tax payment during 2018 of 250,000
1. How much the company report as current tax expense for 2018? 2. How much should the company report as an income tax expense for 2018? 3. How much the company report as income tax payable for 2018?
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