Fitzgerald corp. reports pretax accounting income of $210,000, but because of a single temporary difference, taxable income is only $155,000. at the beginning of the year, no temporary differences existed. fitzgerald is subject to a tax rate of 40%. prepare the appropriate journal entry to record the company’s income tax expense for the year. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.