Question: Instruction: Answer the following questions below and Explain as much as possible. Thank you so much :) South Africa Company reported a taxable income of

Instruction: Answer the following questions below and Explain as much as possible. Thank you so much :)

South Africa Company reported a taxable income of 2,575,000
The reconciling items are as follows:
Interest income on savings deposit 23,500
Book depreciation in excess of tax depreciation 175,300
Actual claim paid over accrual of product liability claim 375,100
Tax rate 30%

Sweden Company reported an accounting income of P3,150,000 for the year 2019.
Interest income on savings deposit 28,700
Book depreciation in excess of tax depreciation 175,200
Rent collected for 2019, 2020, and 2021 720,000
Tax rate 30%
How much is the income tax expense- current?

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