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Kingbird Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $52,500in 2021, $57,500in 2022, and $62,200in

Kingbird Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $52,500in 2021, $57,500in 2022, and $62,200in 2023. Kingbird's pretax financial income for 2020 is $278,800, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020.

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