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29 January, 17:59

greene co. has pretax book income for the year ended december 31, 2019 in the amount of 265000 and has a tax rate of 30%. Depreciation for tax purposes exceeds book depreciation by 14500 what should greene co. record as its federal income tax liability for 2018? A) $91,450B) $92,850C) $88,500D) $84,150

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  1. 29 January, 18:55
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    Pre-tax book income $265,000

    Less depreciation additional charge $14,500

    Taxable income $250,500

    Tax liability at 30% = $75,150
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Home » Business » greene co. has pretax book income for the year ended december 31, 2019 in the amount of 265000 and has a tax rate of 30%. Depreciation for tax purposes exceeds book depreciation by 14500 what should greene co.
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