Business, 18.08.2019 00:10, janeou17xn

Leer corp.'s pretax income in the current year was $100,000. the temporary differences between amounts reported in the financial statements and the tax return are as follows: depreciation in the financial statements was $8,000 more than tax depreciation. the equity method of accounting resulted in financial statement income of $35,000. a $25,000 dividend was received during the year, which is eligible for the 80% dividends-received deduction. leer's effective income tax rate was 30%. in its current year income statement, leer should report a current provision for income taxes of: a. $26,400.b. $23,400.c. $21,900.d. $18,600.

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Leer corp.'s pretax income in the current year was $100,000. the temporary differences between amoun...