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Business, 25.11.2021 14:00 sofiaisabelaguozdpez

Ivanhoe, Inc. had pre-tax accounting income of $2900000 and a tax rate of 20% in 2021, its first year of operations. During 2021 the company had the following transactions: Received rent from Jane, Co. for 2022 $98000 Municipal bond income $122000 Depreciation for tax purposes in excess of book depreciation $62000 Installment sales profit to be taxed in 2022 $164000 For 2021, what is the amount of income taxes payable for Ivanhoe, Inc

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Ivanhoe, Inc. had pre-tax accounting income of $2900000 and a tax rate of 20% in 2021, its first yea...
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