4. LO.1, 2 Marcellus Jackson, the CFO of Mac, Inc., notices that the tax liability reported on...

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4. LO.1, 2 Marcellus Jackson, the CFO of Mac, Inc., notices that the tax liability reported on Mac’s tax return is less than the tax expense reported on Mac’s financial statements. Provide a letter to Marcellus outlining why these two tax expense numbers differ. Mac’s address is 482 Linden Road, Paris, KY 40362.

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