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:
They have 3
Explanation:
ATP is a nucleotide consisting of an adenine base attached to a ribose sugar, which is attached to three phosphate groups
Hope this helps (:
What are the advantages a market economy offers producers? (there is more than one answer)
A: minimal government intervention
B: property rights
C: monopoly of bigger companies
D: free advertising for small businesses
E: free labor
But the answer is C and D
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