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BE19.4 - Using Excel to Determine Income Tax Expense						Student Work Area
PROBLEM						Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or to this work area.
Appaloosa Corporation had the following deferred tax amounts at December 31, 2021 and 2020.
	Deferred tax liability, December 31, 2020		$ 25,000
	Deferred tax liability, December 31, 2021		42,000			What amount should Appaloosa report as total 2021 income tax expense?
	Current income tax expense, 2021		48,000
							Change in deferred tax liability
							Total income tax expense for 2021