Wayne Co. had a decrease in deferred tax liability of $29 million, a decrease in deferred tax assets of $19 million, and an increase in tax payable of $109 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was:

The multiple choices are:

A. $99 million.

B. $100 million.

C. $110 million.

D. $130 million.

The current option is A, $99 million

Explanation:

The total income tax expense for the comprises of the increase in tax payable amount of $109 million plus the decrease in deferred tax assets minus the decrease in deferred tax liability

Increase in tax payable                   $109,000,000

decrease in deferred tax liability    ($29,000,000)

decrease in deferred tax assets       $19,000,000

total income tax expense                 $99,000,000

The amount tax  expense to deducted in the income statement for the year is $99 million.

The decrease in  deferred tax liability is like an income ,hence deducted , while the decrease in deferred tax assets is added as an additional tax expense.

answer; ///(d) stand out from all of the others;

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.