19. LO.1, 3 Mini, in Problem 17, reports $800,000 of pretax book net income in 2021. For...
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19. LO.1, 3 Mini, in Problem 17, reports $800,000 of pretax book net income in 2021.
For that year, Mini did not recognize any bad debt expense for book purposes but did deduct $15,000 in bad debt expense for tax purposes. Mini reports no other temporary or permanent differences. Assuming that the U.S. tax rate is 21%, compute Mini’s current income tax expense.
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Related Book For
Essentials Of Taxation Individuals And Business Entities
ISBN: 233160
1st Edition
Authors: Nellen/Young/Raabe/Maloney
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