What is the amount of future taxable income, Accounting Basics

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What is the amount of future taxable income

Problem

Dutch Bakers has a $100,000 deferred tax liability that will create taxable income in 2023. Dutch established the deferred tax liability in 2020 when the tax rate was 25%. What is the amount of future taxable income that Dutch will incur in 2023 associated with the deferred tax liability?

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Accounting Basics: What is the amount of future taxable income

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