How much income tax payable would match box report

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In 2011, Match Box Inc reported $90,000 of income before income taxes. The tax rate for 2011 was 30 percent. Match Box had an unused $60,000 net operating loss carryforward arising in 2010 when the tax rate was 35 percent. How much income tax payable would Match Box report for 2011?

Reference no: EM132203581

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