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What Is the Tax Expense Under the Deferral Method for F2013

Question 18

Multiple Choice

What is the tax expense under the deferral method for F2013?  F2013  F2014  F2015  Income before tax 120,000110,000120,000 Taxable income 85,00095,000105,000 Tax rate 30%25%30%\begin{array} { | l | r | r | r | } \hline & \text { F2013 } & \text { F2014 } & \text { F2015 } \\\hline \text { Income before tax } & 120,000 & 110,000 & 120,000 \\\hline \text { Taxable income } & 85,000 & 95,000 & 105,000 \\\hline \text { Tax rate } & 30 \% & 25 \% & 30 \% \\\hline\end{array}


A) $25,500
B) $30,000
C) $30,750
D) $36,000

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