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alukav5142 [94]
3 years ago
15

Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 54 $ 3

4 Deferred tax liability 75 145 Income tax expense was $231 for the year. What was the amount paid for taxes?
Business
1 answer:
bogdanovich [222]3 years ago
7 0

Answer:

$181

Explanation:

Given that,

Beginning:

Income tax payable = $54

Deferred tax liability = $75

Ending:

Income tax payable = $34

Deferred tax liability = $145

Tax expenses during the year = $231

Amount of tax paid during the year:

= Tax expenses during the year + (Beginning - ending tax payable) - (Ending - Beginning deferred tax liability)

= $231 + ($54 - $34) - ($145 - $75)

= $231 + $20 - $70

= $181

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In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.  

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Answer:

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3 years ago
Which of the following is a true statement about inventory systems?A)Periodic inventory systems require more detailed inventory
balu736 [363]

Answer:

B)Perpetual inventory systems require more detailed inventory records.

Explanation:

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Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT:
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