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Pharoah Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $50,600 in 2026,$55,500 in 2027 ,

image text in transcribed Pharoah Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $50,600 in 2026,$55,500 in 2027 , and $60,400 in 2028. Pharoah's pretax financial income for 2025 is $287,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2025. (a) Compute taxable income and income taxes payable for 2025. Taxable income Income taxes payable $ $

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