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Business, 03.08.2019 02:10 Anthonyc123

For the year ended december 31, year 1, tyre co. reported pretax financial statement income of $750,000. its taxable income was $650,000. the difference is due to accelerated depreciation for income tax purposes. tyre's effective income tax rate is 30%, and tyre made estimated tax payments during year 1 of $90,000. what amount should tyre report as current income tax expense for year 1? a. $105,000b. $135,000c. $195,000d. $225,000

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For the year ended december 31, year 1, tyre co. reported pretax financial statement income of $750,...
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