Information for Kent Corp. for the year 2021:
Reconciliation of pretax accounting incom...
Business, 29.05.2020 19:01, pum9roseslump
Information for Kent Corp. for the year 2021:
Reconciliation of pretax accounting income and taxable income:
Pretax accounting income $ 180,200
Permanent differences (14,000 ) 166,200
Temporary difference-depreciation (10,900 )
Taxable income $ 155,300
Cumulative future taxable amounts all from depreciation temporary differences:
As of December 31, 2020 $ 11,700
As of December 31, 2021 $ 22,600
The enacted tax rate was 25% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021?
Answers: 3
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