Using the following information to respond to the questions below. The corporation tax rate is 21%....

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Using the following information to respond to the questions below. The corporation tax rate is 21%. Book income $100,000 $ 2.500 Excess tax depreciation over book depreciation $ 4,000 M&E disallowance 1. What is taxable income? 2. What is the total tax expense on the financial statement? 3. What is the current tax expense 4. What is the deferred tax expense Using the following information to respond to the questions below. The corporation tax rate is 21%. Book income $100,000 $ 2.500 Excess tax depreciation over book depreciation $ 4,000 M&E disallowance 1. What is taxable income? 2. What is the total tax expense on the financial statement? 3. What is the current tax expense 4. What is the deferred tax expense