What amount should be reported as income tax expense

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Point 1: A calendar-year corporation reported income before income tax expense of $10,000 and income tax expense of $1,500 in its interim income statement for the first quarter of the year. The company had income tax expense of $20,000 for the second quarter and an estimated effective annual rate of 25%.

Question 1: What amount should be reported as income tax expense in the interim income statement for the second quarter.

Reference no: EM132483173

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