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Robinson Company had a net deferred tax liability of $34,204 at the beginning of the year, representing a net taxable temporary difference of $100,600
Robinson Company had a net deferred tax liability of $34,204 at the beginning of the year, representing a net taxable temporary difference of $100,600 (taxed at 34 percent). During the year, Robinson reported pretax book income of $400,600 Included in the computation were favorable temporary differences of $50,600 and unfavorable temporary differences of $20,300. During the year, Congress reduced the corporate tax rate to 21 percent. Robinson's deferred income tax expense or benefit for the current year would be Multiple Choice Net deferred tax benefit of $6,363 Net deferred tax expense of $6,363 Net deferred tax benefit of $6.715 Net deferred tax expense of $6715
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