Question: Given the following data, how much tax would be reported under the taxes payable method for fiscal 2014? F2014 F2015 F2016 Income before tax 130000

Given the following data, how much tax would be reported under the taxes payable method for fiscal 2014?

       

                                    F2014           F2015             F2016

Income before tax     130000            120000              130000

Taxable Income         75000                85000               106000

Tax rate                       30%                   25%                   20%

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