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In its first year of operations Acme Corp. had income before tax of $400,000. Acme made income tax payments totaling $91,000 during the year and

In its first year of operations Acme Corp. had income before tax of $400,000. Acme made income tax payments totaling $91,000 during the year and has an income tax rate of 30%. What is the balance in income tax payable at the end of the year?

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