Question: Two independent situations are described below. Each situation has future deductible amounts and/or future taxable amounts produced by temporary differences: LOADING...(Click the icon to view

Two independent situations are described below. Each situation has future deductible amounts and/or future taxable amounts produced by temporary differences: LOADING...(Click the icon to view the situations.) The enacted tax rate is 21% for both situations. Determine the income tax expense for the year. Question content area bottom Part 1 Situation 1 Situation 2 A. $8,400 $16,800 B. $8,350 $16,850 C. $3,400 $11,800 D. $12,400 $12,800

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