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Problem on deferred tax calculation

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Question: Deferred Tax Calculation. The tax rate is 40% and the income before tax was $100,000 after warranty expense of $40,000. If the tax deduction of from the warranty for the year was $15,000, what would be the tax expense, tax paid, and change in deferred tax (you should provide whether it is asset or liability)?

Reference no: EM131755957

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