Answer:
$3,000
Step-by-step explanation:
The computation of the balance in Kent deferred tax liability is shown below:
= {(December 31 2021) × (enacted tax rate)} - {(December 31 2020) × (Enacted tax rate)}
= {($25,000 × 25%) - ($13,000 × 25%)}
= $6,250 - $3,250
= $3,000
Along with the journal entry is also shown for better understanding
Income tax expense $41,500
To Deferred tax liability $3,000
To Income tax payable $38,250 ($153,000 × 25%)
(Being the income tax expense is recorded)
We debited the income tax expense as it increases the expenses account and on other side we credited the other two accounts as these are also increased
The answer is $782.28. First, you multiply 738 by .06 to get 44.38. You then add this to 738 to receive 782.28
1200/3+14
1200/17
414
Hope this answer satisfies you!
What I suggest is to round the numbers. 4 rounds up to 5. 275 would round up to 280 or 300 whatever is easier. your expression would be 5*280 or 5*300.
I hope this helped :)