Question: In addition to the temporary differences identified in Problems 41 44
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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