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Grass and Leaf Management reported pretax accounting income in 2021, 2022, and 2023 of $18 million, $30 million, and $40 million, respectively, which includes 2021
Grass and Leaf Management reported pretax accounting income in 2021, 2022, and 2023 of $18 million, \$30 million, and \$40 million, respectively, which includes 2021 income of \$8 million from installment sales of property. However, the installment sales are reported on the tax return when collected, in 2022 (\$2 million) and 2023 (\$6 million). The enacted tax rate is 25% each year. What is the amount of tax expense does Grass and Leaf Management record for 2021? $2,500,000.$3,600,000.$4,500,000$7,500,000. None of the above
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