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Kero Company's pretax financial income for the year of 2019 is $80,000. Its depreciation expense is $15,000. However, for tax purpose, the amount deducted for
Kero Company's pretax financial income for the year of 2019 is $80,000. Its depreciation expense is $15,000. However, for tax purpose, the amount deducted for depreciation on the corporation is $28,000. The tax rate is 40%.
The income tax payable is
The income tax expense is
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