vanhoe Corporation reported $202000 in revenues in its 2021 financial statements, of which $68,000 will not be included in the tax return until 2022. The enacted tax rate is 30% for 2021 and 25% for 2022. What amount should Ivanhoe report for deferred income tax liability in its balance sheet at December 31, 2021?   Group of answer choices (a)$50,500 (b)$17,000 (c)$20,400 (d)$60,600

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.