At the end of the year, Bramble Co. has pretax financial income of $583,000. Included in the $583,000 is $74,200 interest income on municipal bonds, $26,500 fine for dumping hazardous waste, and depreciation of $63,600. Depreciation for tax purposes is $47,700. Compute income taxes payable, assuming the tax rate is 30% for all periods.
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At the end of the year, Bramble Co. has pretax financial income of $583,000. Included in the $583,00...
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