LO.2 Skipper, in Problem 12, reports $600,000 of pretax book net income in 2013. Skippers book depreciation

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LO.2 Skipper, in Problem 12, reports $600,000 of pretax book net income in 2013.

Skipper’s book depreciation exceeds tax depreciation in this year by $50,000. Skipper has no other temporary or permanent differences. Assuming that the U.S. tax rate is 35%, compute Skipper’s total income tax expense, current income tax expense, and deferred income tax expense.

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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