Maurice, inc earns pretax book net income of $5,230,000 in 2018 maurice deducted $263,000 in bad debt
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Maurice, inc earns pretax book net income of $5,230,000 in 2018 maurice deducted $263,000 in bad debt expense for book purposes this expense is not yet deductible for tax purposes maurice reports $8,620,000 of pretax book net income in 2019 for that year, maurice did not deduct any bad debt expense for book purposes but did deduct $116,000 in bad debt expense for tax purposes maurice has no other temporary or permanent differences assume the us tax rate is 21 for 2019, compute the following for
a. Current income tax expense $
b. Deferred income tax benefit $
c. Total income tax expense $
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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