Apple Blossom H4 federal income Tax Payable

Apple Blossom H4 federal income Tax Payable - resulting...

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Apple Blossom Cologne Company Federal Income Taxes Payable 12/31/2003 Tax Liability Balance 12/31/03 $63,772 Additions: 2003 taxes $100,000 Payments: $163,772 Final payment Jan. 2003 on 2002 taxes $63,772 First Quarter Deposit, 2003 taxes $25,000 Second Quarter deposit, 2003 taxes $25,000 Third Quarter deposit, 2003 taxes $25,000 $138,772 Balance 12/31/03, per client $25,000 (1) Adjustments to income tax and income tax liability
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Unformatted text preview: resulting from audit adjustments Reference to record tax adjustment (AJE #20): Prepaid Tax Receivable Federal Income Tax Payable 307 (1) Income Tax Expense Per Audit: Tax Rate Range Amount left over 15% 0 -50,000 25% 50,000 - 75,000 34% 75,000 - 100,000 39% 100,000 - 335,000 Tax Expense $100,000 $100,000...
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Apple Blossom H4 federal income Tax Payable - resulting...

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