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In year 2012, Amirante Corporation had pretax financial income of $207,000 and taxable income of $166,400. The difference is due to the utilization of various depreciation techniques for tax and accounting purposes. The effective tax rate is 40%. find out the amount to be reported as income taxes payable at December 31, 2012.

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M915918

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