Business
Business, 24.07.2019 17:10, isophk

For the year ended december 31, 20x5, tyre co. reported pre‐tax financial statement income of $750,000. its taxable income was $650,000. the difference is owing to accelerated depreciation for income tax purposes. tyre's effective income tax rate is 30%, and tyre made estimated tax payments during 20x5 of $90,000. what amount should tyre report as current income tax expense for 20x5?

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For the year ended december 31, 20x5, tyre co. reported pre‐tax financial statement income of $750,0...

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