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Business, 18.12.2019 21:31 skaterwolf1317

The pretax financial statement income for yeager industries was $32 million the year ended december 31, 2018. yeager’s taxable income was $25 million. the difference was due to differences between depreciation for financial reporting purposes and tax purposes. the enacted tax rate is 40% for 2018 and 35% thereafter. if no 2018 taxes have been paid, what is yeager‘s current liability for income taxes for 2018? a. $12.8 million
b. $10.0 million
c. $11.2 million
d. $ 8.7 million

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