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Pretax financial income for each year includes a nondeductible expense of 30000 never deductible for tax purposes The remainder of the difference between pretax financial

Pretax financial income for each year includes a nondeductible expense of 30000 never deductible for tax purposes The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference No deferred income taxes existed at the beginning of 2014

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Answer Year Taxable Income Tax Rate Current tax expense 2014 180000 35 63000 2015 225000 40 90000 20... blur-text-image

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