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What is the pretax financial income for herbie company

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Reference no: EM132873234

Herbie company has cumulative taxable temporary differences on December 31, 2016 of 1,350,000 and 960,000 respectively.

The tax rate enacted for 2017 is 40% while tax rate enacted for future years is 30%. Taxable income for 2017 is 2,400,000 and there are no permanent differences.

Question 1: What is the pretax financial income for 2017?

a) 3,750,000

b) 2,790,000

c) 2,010,000

d) 1,050,000

Reference no: EM132873234

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