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If a corporations tax return shows taxable income of $104,000 for Year 2 and a...

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Accounting

If a corporations tax return shows taxable income of $104,000 for Year 2 and a tax rate of 40%, how much will appear on the December 31, Year 2, balance sheet for Income taxes payable if the company has made estimated tax payments of $35,900 for Year 2?

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