Question: For the year ended December 31, 2010, Tyre Co. reported pretax financial statement income of $750,000. Its taxable income was $650,000. The difference is due

For the year ended December 31, 2010, 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 2010 of $90,000. What amount should Tyre report as current income tax expense for 2010?

a. $105,000

b. $135,000

c. $195,000

d. $225,000

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