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Sagot :
Answer:
$160,000
Explanation:
Calculation to determine The amount that Jesse should report as an income tax refund receivable in 2019
Using this formula
2019 income tax refund receivable=Taxable and pretax financial income * Tax rate
Let plug in the formula
2019 income tax refund receivable =($800,000 × 20%)
2019 income tax refund receivable= $160,000
Therefore The amount that Jesse should report as an income tax refund receivable in 2019 is $160,000
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