Business
Business, 08.02.2021 22:40, gggggg47

Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Other income is not recognized for tax purposes. Bonuses are tax deductible only in the year in which they are paid. Accounting Income $86,000 Depreciation Expense $6,500 Tax Depreciation $4,000 Other Income $4,700 2019 Bonus Paid in 2020 $2,630 Accrued Bonuses in 2020 $3,500 Tax Rate 28%

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Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Other...

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