For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable...
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Accounting
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $220,000 Permanent difference (15,300) 204,700 Temporary difference-depreciation (20,500) Taxable income $184,200 Tringali's tax rate is 36%. What should Tringali report as its income tax expense for its first year of operations?
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