Question

In addition to the temporary differences identified in Problems 41–44, Relix reported two permanent differences between book and taxable income. It earned $2,375 in tax-exempt municipal bond interest, and it incurred $780 in nondeductible meals and entertainment expense. Relix’s book income before tax is $4,800. With this additional information, calculate Relix’s current tax expense.


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  • CreatedMay 25, 2015
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