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MC17-7. [Learning Objectives 5, 6] The pretax financial income and taxable income of Zeus Corporation were the same for the following years (i.e., there were

image text in transcribed MC17-7. [Learning Objectives 5, 6] The pretax financial income and taxable income of Zeus Corporation were the same for the following years (i.e., there were no permanent or temporary differences): What amount of income tax benefit will Zeus Corporation record in Year 6 under U.S. GAAP, that it is more likely than not that there will be no taxable earnings after Year 7? Assume the Year 7 tax rate is known in Year 6. a. $25,000 b. $5,250 c. $15,750 d. $21,000

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