Question: pls reply fast and accurate Lantz Ltd reported earings before income taxes of $690,000 in 2005. The company had expensed $40,000 of golf club dues

 pls reply fast and accurate Lantz Ltd reported earings before income

pls reply fast and accurate
taxes of $690,000 in 2005. The company had expensed $40,000 of golf

Lantz Ltd reported earings before income taxes of $690,000 in 2005. The company had expensed $40,000 of golf club dues that were not tax deductible. There was tax-free dividend revenue of $17.500 Warranty expense was $55,000. Depreciation was $135,000, while CCA was $241,000. Warranty claims paid were 542,500. The tax rate for this year is 30%. Required: Calculate taxable income and income tax payable. Taxable income Income tax payable

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