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South Carolina Corporation has one temporary difference at the end of 2017 that will reverse...

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Accounting

South Carolina Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $55,000 in 2018, $60,000 in 2019, and $65,000 in 2020. South Carolinas pretax financial income for 2017 is $300,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2017.

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