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The right answer is 95000. Please help me Sweeney Co began operations in 2017 and reported exist220,000 in income before income taxes for the year.

The right answer is 95000. Please help me image text in transcribed
Sweeney Co began operations in 2017 and reported exist220,000 in income before income taxes for the year. Sweeney's 2017 tax depreciation exceeded its book depreciation by exist10,000, Sweeney also had nondeductible book expenses of exist20,000 related to permanent differences. Sweeney's tax rate for 2017 was 40%, and the enacted rate for years after 2017 is 30%. In its 2017 income statement, what amount should Sweeney report for Income Tax Expense

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