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Suppose Illini Company prepaid $6,000 in rent for the next three years ($2,000 per year) on 12/31/2022. Illini's annual pre-tax GAAP income for 2022-2025 was

Suppose Illini Company prepaid $6,000 in rent for the next three years ($2,000 per year) on 12/31/2022. Illini's annual pre-tax GAAP income for 2022-2025 was $20,000. The applicable tax rate was 30%.   


What is the taxable income for 2023?

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