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Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: $ Pretax accounting income Permanent differences 180,200 (14,000) 166,200
Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: $ Pretax accounting income Permanent differences 180,200 (14,000) 166,200 (10,900) 155,300 Temporary difference-depreciation Taxable income $ Cumulative future taxable amounts all from depreciation temporary differences: $ As of December 31, 2020 As of December 31, 2021 11,700 22,600 $ The enacted tax rate was 25% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021? A) $41,550. B) $45,050. C) $38,825. D) None of these answer choices are correct
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