Question: Exercise 14-20 (Algorithmic) (LO. 2) In 2019, Mini reports $1,100,400 of pretax book net income. Mini did not deduct any bad debt expense for book

Exercise 14-20 (Algorithmic) (LO. 2) In 2019, Mini reports $1,100,400 of pretax book net income. Mini did not deduct any bad debt expense for book purposes in 2019 but did deduct $162,600 in bad debt expense for tax purposes. Mini reports no other temporary or permanent differences. The applicable U.S. Federal corporate income tax rate is 21%, and Mini earns an after-tax rate of return on capital of 8%. For 2019, compute Mini's total income tax expense, current income tax expense, and deferred income tax expense. If required, round your answers to nearest dollar. a. Current income tax expense b. Deferred income tax benefit c. Total income tax expense
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