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Calculate the amount of income taxes payable

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Reference no: EM132490249

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.

Question 1: Calculate the amount of income taxes payable for 2019 ?

Reference no: EM132490249

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