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QUESTION
Information for Kent Corp. for the year 2016: Reconciliation of pretax accounting income and taxable income:
Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2015 $14,400 As of December 31, 2016 $26,300 The enacted tax rate was 25% for 2015 and thereafter.What should Kent report as the current portion of its income tax expense in the year 2016?
$37,650.