Business, 26.07.2019 16:10, tfracciscoramon

In year 2, ajax, inc. reported taxable income of $400,000 and pretax financial statement income of $300,000. the difference resulted from $60,000 of nondeductible premiums on ajax’s officers' life insurance and $40,000 of rental income received in advance. rental income is taxable when received. ajax's effective tax rate is 30%. in its year 2 income statement, what amount should ajax report as income tax expense-current portion?

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In year 2, ajax, inc. reported taxable income of $400,000 and pretax financial statement income of $...