LO.2 Mini, Inc., earns pretax book net income of $750,000 in 2018. Mini deducted $20,000 in bad
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LO.2 Mini, Inc., earns pretax book net income of $750,000 in 2018. Mini deducted $20,000 in bad debt expense for book purposes. This expense is not yet deductible for tax purposes. Mini records no other temporary or permanent differ- ences. Assuming that the pertinent U.S. tax rate is 21%, compute Mini's total income tax expense, current income tax expense, and deferred income tax expense.
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Related Book For
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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