week 4 individual acc423

week 4 individual acc423 - 1 A. Greater than B. 190000 C....

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
a Taxable income for 2007 405000 Tax Rate 40% Income Taxes Payalbe 162000 2008 2009 B.  Future Deductible Tax  175000 175000 350000 Tax Rate 40% 40% 70000 70000 140000 Beginning def tax liab 92000 Tax Expense 48000 162000 Total Income Tax expense 210000 Income Tax Expense 210000    Income Tax Payable 162000    Def Tax Liabq 48000 C Income before income taxes 525000    Current tax expense 162000    Deffered Tax Expense 48000 210000 Net Income 315000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A.  2 B.  1 C. 3 D. 1 E.  2 2 G.  3 H.  3 I .  2 J.  1
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1 A. Greater than B. 190000 C. Not D. Less E. Benefit of 15000 F. 3500 40000 G. DR H. 59000 I J Benfit 2004 Income Tax exp 32,000.00 Income Tax Pay 32,000.00 2005 Refund 72,000.00 Income Tax Exp 72,000.00 2006 Refund 32,000.00 LOC 32,000.00 Deffered Tax 120,000.00 300000 BLCF 120,000.00 2008 Income Tax Expense 40,000.00 Deffered Tax 40,000.00...
View Full Document

Page1 / 4

week 4 individual acc423 - 1 A. Greater than B. 190000 C....

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online