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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 Temporary difference-depreciation Taxable income
Information for Kent Corp. for the year 2021 Reconciliation of pretax accounting Income and taxable income: Pretax accounting income Permanent differences Temporary difference-depreciation Taxable income $173,000 (15,400) 157,600 (11,200) $146,400 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 As of December 31, 2021 $13,700 $24,900 The enacted tox rate was 30% for 2020 and thereafter. What would Kent's income tax expense be in the year 2021? Multiple Choice $43,920 $47.280 $48.280 None of these answer choices are correct
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