Business, 18.05.2021 19:00, kalebbenton15

A corporation earns a pretax book net income of $750,000 in 2019. The corporation deducted $20,000 in bad debt expense for book purposes. This expense is not yet deductible for tax purposes. The corporation reports no other temporary or permanent differences. The applicable U. S. tax rate is 21%. 1. Compute The corporation's current income tax expense. 2. Determine the corporation's 2019 deferred tax expense 3. Determine the corporation's 2019 total tax expense 4. Determine the corporation's 2019 deferred tax assets 5. Determine the corporation's 2019 deferred tax liabilities. Please label your work (1, 2, 3, etc.) and show your calculation

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A corporation earns a pretax book net income of $750,000 in 2019. The corporation deducted $20,000 i...