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Pretax financial statement income for the year ended december 31, 2023 was $100 million for tomTomss company. toTomsms company taxable income was $80. this was
Pretax financial statement income for the year ended december 31, 2023 was $100 million for tomTomss company. toTomsms company taxable income was $80. this was a result of differences between depreciation for finical reporting purposes and tax purposes. The enacted tax is 30% for 2023 and 40% thereafter. What amount should tomTom report as the current portion of income tax expense for 2023 ?
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