Answer:
income tax expense 2,806,064.2 debit
deferred income tax (benefit) 38,216 debit
income tax payable 2,844,820.2 credit
Explanation:,
income before taxes 8,288,900
permanent difference (35,770)
accounting taxable income: 8,253,130
temporary difference <u> 112,400 </u>
taxable income 8,365,530
<em></em>
<em>income tax expense: </em>
will be calculate considering the accounting income:
8,253,130 x 34% = 2,806,064.2
<em>income tax payable:</em>
will be calcualte considering the temporary difference:
8,365,530 x 34% = 2,844,820.2
<em>the difference will be deferred income tax</em>
2,844,820.2 - 2,806,064.2 = 38,216
