Eastwich Corporation has pretax accounting income of $575,000 and taxable income of $560,000.The company's income tax rate is 30%.The journal entry to record the income tax includes a:

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The difference between pretax accounting income and taxable income results in a deferred tax liability. The difference is $15,000 ($575,000 - $560,000), and the tax rate is 30%, resulting in a deferred tax liability of $4,500 ($15,000 * 30%).

Eastwich Corporation Has Pretax Accounting Income of $575,000 and Taxable