EZ'GGWP Company provided the following information for its first year of operations ended December 31, 2016:
Accounting income per book                             8,000,000
Nondeductible expense                                         500,000
Nontaxable revenue                                               200,000
Net income (after income tax expense)              5,395,000        
Income tax benefit                                                  245,000    

Required
1. Current tax expense
2. Taxable Income
3. Total income tax expense
4. Tax rate

Answer rating: 100% (QA)

Here are the answers to the required questions 1 Current tax e... View the full answer