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What is the impact of the tax rate change

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Reference no: EM132509807

Question - On 1 April 2017, the company rate of income tax changed from 30% to 32%. At the previous reporting date (30 June 2016) Langer Limited had the following tax balances:

Deferred tax assets $8,250

Deferred tax liabilities $12,000

What is the impact of the tax rate change on income tax expense?

a. Increase $234

b. Decrease $250

c. Decrease $234

d. Increase $250

Reference no: EM132509807

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