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
Answer:
Elements are the smallest particles of any material. It cannot be broken down into more tiny particles.
Answer: Neither party will take a firm stance on issues because of the large number of voters they attract
Explanation: I found this post cuz I was searching for the answer to the same quiz question n there were no answers so I chose all the above n I got it wrong so I clicked review n K12 says the correct answer was the one I typed above
