Example formula of total revenue

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Show a example formula of total revenue of 800,000, expense of 200,000 for tax purposes, and depreciation expense of 130,000 for reporting purposes, the tax rate is 34 percent. Calculate net income for reporting purposes and for tax purposes. What is the deferred tax liability?

Reference no: EM13147778

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Example formula of total revenue : Show a example formula of total revenue of 800,000, expense of 200,000 for tax purposes, and depreciation expense of 130,000 for reporting purposes, the tax rate is 34 percent.
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