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In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal

  

In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal year 2018 Christie paid $50 for a speeding ticket and recorded this amount as an expense in the income statement (iii) during fiscal year 2018 Christie wrote off accounts receivable in the amount of $20 and recorded bad debt expense of $100 7. Consider the information provided in question 6. What was Christie's current tax expense for 2018? a. $400 b. $380 C. $420 d. $452 e. $388

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