Accountancy, asked by rachumalla333, 4 hours ago

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%

Answers

Answered by 726kqb89jq
4

Answer:372

Explanation:372

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