Provide the journal entry to record Kantner's current tax expense as determined in Problem 42. Data from

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Provide the journal entry to record Kantner's current tax expense as determined in Problem 42.

Data from 42

Kantner reported two permanent book-tax differences. It earned $7,800 in tax-exempt municipal bond interest, and it reported $850 in nondeductible business meals expense. Kantner's book income before tax is $50,000.

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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Jun 12, 2019 10:17 AM

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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

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