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Tamarisk Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $57,800 in 2018, $62,500 in 2019,
Tamarisk Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $57,800 in 2018, $62,500 in 2019, and $67,300 in 2020. Tamarisks pretax financial income for 2017 is $319,400, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2017.
Compute taxable income and income taxes payable for 2017.
Taxable income | $enter a dollar amount | |
---|---|---|
Income taxes payable | $enter a dollar amount |
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