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Tom - Kat Inc.'s income before taxes is $340,000 and its tax rate is 20%. Tom - Kat included $30,000 of interest from municipal bonds
Tom - Kat Inc.'s income before taxes is $340,000 and its tax rate is 20%. Tom - Kat included $30,000 of interest from municipal bonds in the $340,000. There are no other book-tax differences. What is the journal entry to record income tax expense
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