Answer: The answer is $500,000 per game.
It can be deduced that the income taxable in the current year will be $6.0.
<h3>How to calculate the income tax payable</h3>
From the complete information, the income tax payable will be calculated thus:
- Pretax accounting income = $32.00
- Rent cost in 2022 = $2.0 × 25% = $.05
- Rent cost in 2023 = $2.0 × 25% = $.05
- Rent cost in 2024 = $2.0 × 25% = $.05
- Rent cost in 2025 = $2.0 × 25% = $.05
Total deferred tax = $2.0
Therefore, the income taxable in the current year will be:
= $24.0 × 25%
= $24.0 × 0.25
= $6.0
Learn more about tax on:
brainly.com/question/25783927
The earth's spin axis is tilted with respect to its orbital plane. This is what causes the seasons. When the earth's axis points towards the sun, it is summer for that hemisphere. When the earth's axis points away, winter can be expected.
Is there supposed to be a Picture or options? If there is im sorry
