Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Bonuses are tax deductible only in the year in which they are paid.
Accounting Income
$86,000
Depreciation Expense
$6,500
Tax Depreciation
$4,000
Income Not Recognized in The Current Period For Tax Purposes
$4,700
2019 Bonus Paid in 2020
$2,630
Accrued Bonuses in 2020
$3,500
Tax Rate
28%
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Answer:372
Explanation:372
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