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What would kent income tax expense be in the year

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Reference no: EM132579440

Question - Information for Kent Corp. for the year 2018:

Reconciliation of pretax accounting income and taxable income:

Pretax accounting income $170,000

Permanent differences (15,800) 154,200

Temporary difference-depreciation (12,600)

Taxable income $141,600

Cumulative future taxable amounts all from depreciation temporary differences:

As of December 31, 2017 $12,100

As of December 31, 2018 $24,700

The enacted tax rate was 39% for 2017 and thereafter.

What would Kent's income tax expense be in the year 2018?

a. $60,138.

b. $55,224.

c. $61,138.

d. None of these answer choices are correct.

Reference no: EM132579440

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