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6. INCOME TAXES
All of the Company's income is derived from
domestic activities. Actual income tax expense differs from income
tax expense computed by applying the U.S. federal statutory corporate
rate of 35% to pretax income as follows:
Deferred income tax provisions result from
temporary differences in the recognition of income and expenses
for financial reporting purposes and for tax purposes. At December
31, 2003 and 2004, the tax effects of these temporary differences
resulted principally from the following:
The net deferred income tax liability is classified
as follows:
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