Feagler Company’s current income taxes payable relatedto its taxable income for 2017 is $460,000. In addition,Feagler’s deferred tax asset decreased $20,000 during2017. What is Feagler’s income tax expense for 2017?

Feagler Company’s current income taxes payable related
to its taxable income for 2017 is $460,000. In addition,
Feagler’s deferred tax asset decreased $20,000 during
2017. What is Feagler’s income tax expense for 2017?

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