Sneed Corporation reported balances in the following accounts for the current year: Income taxes payable Deferred tax liability Income tax expense was $232 for the year. What was the amount paid for taxes? Beginning $ 53 84 $188. $212. $285. ○ $199. Ending $ 33 148

Given the following information, compute Peach Company’s income taxes paid Decrease in income taxes payable …… $ 600 Income tax expense …………. 4,400 Please provide explantion

A bhaliya

Nalad Corp. provided the following data related to accounting and taxable income: Pre-tax accounting income (financial statements) Taxable income (tax return) Income tax rate 20X8 $530,000 20X9 $505,000 305,000 730,000 38% 38% There are no existing temporary differences other than those reflected in these data. There are no permanent differences. Required: 1-a. How much tax expense would be reported in each year if the taxes payable method was used? Tax Expense 20X8 20X9 1-b. What is the implied tax rate? (Round your answers to 1 decimal place.) 20X8 20X9 Implied tax rate 96 % 2-a. How much tax expense would be reported using comprehensive tax allocation (liability method). Tax Expense 20X8 20X9 2-b. How much deferred income tax would be reported using comprehensive tax allocation (liability method).

1. What is the total deferred tax liability at December 31, 20x6?2. What is the total deferred tax asset at December 31, 20x6?3. What is the current income tax expense for the year ended December 31, 4. What is the total income tax expense for 20x6?

1. What is the total deferred tax liability at December 31, 20x6? 2. What is the total deferred tax asset at December 31, 20x6? 3. What is the current income tax expense for the year ended December 31, 20x6? 4. What is the total income tax expense for 20x6?

What is the adjusted balance of income tax payable to be reflected in the 2021 statement of financial position?

*see attached What amount of income tax payable should be reported?a. P 385,000b. P 498,000c. P 425,000d. P 305,000

hfg

A company reported in the income statement for the current year P900,000 income before provision for income tax. Please consider the following information: Rent income received in advance 150,000Interest income on time deposit 200,000Depreciation deducted for income tax purposes in excess of financial depreciation 100,000Income tax rate 30% Required: 1. How much is the taxable income?2. How much is the accounting income subject to tax?3. How much is the permanent difference?4. How much is the net temporary differences?