Haag Corp.'s 2015 income statement showed pretax accounting income of $1,500,000. To compute the federal income tax liability, the following 2015 data are provided: What amount of current federal income tax liability should be included in Hagg's December 31, 2015 balance sheet?

Question

Haag Corp.'s 2015 income statement showed pretax accounting income of $1,500,000. To compute the federal income tax liability, the following 2015 data are provided:  What amount of current federal income tax liability should be included in Hagg's December 31, 2015 balance sheet?

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The Answer of Haag Corp.'s 2015 income statement showed pretax accounting income of $1,500,000. To compute the federal income tax liability, the following 2015 data are provided:  What amount of current federal income tax liability should be included in Hagg's December 31, 2015 balance sheet?

Haag Corp'S 2015 Income Statement Showed Pretax Accounting Income of $1,500,000