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Determine the amount that will be reported as income tax

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Question - During the year 20x4, the Altomonte company presented a financial income before contributions of $ 126,000 and a taxable income of $ 90,000. This arises from using different depreciation methods for book and tax purposes. Determine the amount that will be reported as income tax payable as of December 31, 20x4.

Reference no: EM132924983

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