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Calculate the amount of income taxes payable

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Reference no: EM132489159

Question - Deferred Taxes

The balance sheet for Brexit Corp. provided the following summarized pretax data:

 

Year 2018

Year 2019

Deferred tax liability

$548,000

$376,000

Tax expense as reported on the 2019 Income Statement was $300,000.

Required - Calculate the amount of income taxes payable for 2019?

Reference no: EM132489159

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