How much does ballard company owe to the government

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Question - Ballard Company's reported the following for the year ended 2014:

Pretax Financial Income $27,500

Taxable income $20,000

Deferred Tax Liability $ 5,000

Income Tax Expense   $ 4,000

Ballard Company's tax rate is 30%. How much does Ballard Company owe to the government as a result of this year's operations?

Reference no: EM133128487

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