Information relating to Waukegan Company for the current year is as follows: Income from continuing operations before
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Question:
Information relating to Waukegan Company for the current year is as follows:
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Income from continuing operations before tax | $ | 140,000 | |
Income from discontinued operations (pretax) | | 40,000 | |
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What is the amount of the income tax expense that should be allocated to the income from discontinued operations?
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