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Question 13 (1 point) Listen Pepco Company pays quarterly taxes as required by the IRS. You are given the following information Actual year to date
Question 13 (1 point) Listen Pepco Company pays quarterly taxes as required by the IRS. You are given the following information Actual year to date income through quarter 3. $331,500 Estimated annual earnings: $450,000 Add (subtract) permanent differences: $30,000 Add (subtract) temporary differences: ($110,000) Statutory tax rate: 22% First quarter income tax provision: $25,000 Second quarter income tax provision: $ 5,000 Compute the company's provision for income taxes for the third quarter. Show work. The income tax provision for third quarter is closest to $30,000 $0 $20,000 $10,000
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