Mini, Inc., earns pretax book net income of $750,000 in 2016. Mini deducted $20,000 in bad debt

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Mini, Inc., earns pretax book net income of $750,000 in 2016. 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 differences. Assuming that the pertinent U.S. tax rate is 35%, compute Mini's total income tax expense, current income tax expense, and deferred income tax expense?

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Oct 31, 2017 01:28 AM

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Mini, Inc., earns pretax book net income of $750,000 in 2016. Mini deducted $20,000 in bad debt

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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