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What amount should the company report of income tax expense

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Question - The companies pretax accounting income for year ended Dec.31,2011, was $51 mil. Their taxable income was $64 mil. Which was a result of differences between straight line depreciation for financial reporting purposes and MACRS for tax purposes. The enacted tax rate is 29% for 2011 and 39% after. What amount should the company report as the current portion of income tax expense for 2011?

Reference no: EM131802783

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