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Haag Corp.'s 2018 income statement showed pretax accounting income of $2,500,000. To compute the federal...

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Accounting

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Haag Corp.'s 2018 income statement showed pretax accounting income of $2,500,000. To compute the federal income tax liability, the following 2018 data are provided: What amount of current federal income tax liability should be included in Hagg's December 31,2018 balance sheet? a. $160,000 b. $220,000 c. $250,000 d. $660,000

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