Provide the journal entry to record Kantner's current tax expense as determined in Problem 42. Data from
Question:
Provide the journal entry to record Kantner's current tax expense as determined in Problem 42.
Data from 42
Kantner reported two permanent book-tax differences. It earned $7,800 in tax-exempt municipal bond interest, and it reported $850 in nondeductible business meals expense. Kantner's book income before tax is $50,000.
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Related Book For
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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