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Information for Kent Corp. for the year 2016: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $180,600 Permanent differences (14,300) 166,300 Temporary
Information for Kent Corp. for the year 2016: Reconciliation of pretax accounting income and taxable income:
Pretax accounting income | $180,600 |
Permanent differences | (14,300) |
166,300 | |
Temporary difference-depreciation | (10,600) |
Taxable income | $155,700 |
Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2015 $12,000 As of December 31, 2016 $22,600 The enacted tax rate was 28% for 2015 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2016?
$43,596.
$46,564.
$50,568.
None of these answer choices are correct.
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