Business
Business, 06.04.2020 18:18, dhhdndnd

Information for Chatfield Inc. for the year 2018: Reconciliation of pretax accounting income and taxable income: Pretax accounting income$179,700 Permanent differences (14,200) 165,500 Temporary difference-depreciation (10,500) Taxable income$155,000 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2017$11,900 As of December 31, 2018$22,400 The enacted tax rate was 27% for 2017 and thereafter. What should Chatfield report as the current portion of its income tax expense in the year 2018

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