Csi inc had pre-tax accounting income

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Reference no: EM13960126

CSI Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 35% in 2015, its first year of operations. During 2015 the company had the following transactions:

Received rent from Harding Co. for 2016 $64,000 Municipal bond income $80,000 Depreciation for tax purposes in excess of book depreciation $40,000 Installment sales revenue to be collected in 2015 $108,000 For 2015, what is the amount of income taxes payable for CSI Inc.?

Reference no: EM13960126

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