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The following tax information related to Aylmer Inc. Accounting income and Taxable income were the same for all years Year Income/ Tax (Loss) Rate Y2
| The following tax information related to Aylmer Inc. Accounting income and Taxable income were the same for all years |
| Year | Income/ | Tax |
| (Loss) | Rate | |
| Y2 | 33,000 | 30% |
| Y3 | 47,000 | 33% |
| Y4 | 16,000 | 35% |
| Y5 | - 115,000 | 38% |
| Y6 | - 46,000 | 32% |
| Y7 | 81,000 | 32% |
In Year 4, what is the current tax expense?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
