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INCOME TAXES (Tables)
10 Months Ended
Dec. 31, 2021
INCOME TAXES  
Schedule of components of Company's net deferred tax assets

The Company’s net deferred tax assets as of December 31, 2021 is as follows:

    

December 31, 2021

Deferred tax assets:

    

Net operating losses

$

31,451

Startup/organizational costs

 

114,913

Total deferred tax assets

 

146,364

Valuation Allowance

 

(146,364)

Deferred tax asset, net of allowance

$

Schedule of Income Tax Provision

Below is breakdown of the income tax provision for the period from March 15, 2021 (inception) through December 31, 2021.

    

For the Period From

March 15, 2021 (Inception)

    

Through December 31,

2021

Federal

 

  

Current

$

Deferred

 

(146,364)

State and local

Current

 

Deferred

 

Change in valuation allowance

 

146,364

Income tax provision

$

Summary of reconciliation of the federal income tax rate to the Company's effective tax rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate for the period from March 15, 2021 (inception) through December 31, 2021 is as follows:

    

For the Period From 

 

February 9, 2021 (Inception) 

 

Through December 31, 

 

    

2021

 

U.S. federal statutory rate

 

21.0

%

Valuation allowance

 

(21.0)

%

Income tax provision

 

%