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QUESTION 5 1 points Microsoft Corporation Tax Dept determined that $2,450,000 of the research credit on its current year tax return was uncertain, with a

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QUESTION 5 1 points Microsoft Corporation Tax Dept determined that $2,450,000 of the research credit on its current year tax return was uncertain, with a 30% likelihood to be sustained on audit. Management made the following assessments of the company's potential tax benefits: Potential Estimated Tax Benefit Individual Probability of Being Realized (%) Cumulative Probability of Being Realized (%) 10% 2,450,000.00 10% 2,000,000.00 20% 30% 1,250,000.00 40% 70% 750,000.00 30% 100% a. What amount will Microsoft claim on its tax return? b. What is the amount tax of benefit reported that influence book tax expense? QUESTION 1 1 points Save Answer Fox Corporation reported pretax book income of $225,000. Included in the computation were favorable temporary differences of $25,000, unfavorable temporary differences of $15,000, and unfavorable permanent differences of $15,000. What is Fox's Book equivalent of taxable income? TTTF Paragraph 4 Arial 3 (12pt) E T T TE fx Mashups HTML CSS Path: P Words:0

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