Bodner Corporation's income statement for the year ended December 31,2014,shows pretax income of $1,000,000.The following items are treated differently on the tax return and in the accounting records:

Assume that Bodner's tax rate for 2014 is 30 percent.What is the amount of income tax payable for 2014?

Question

Bodner Corporation's income statement for the year ended December 31,2014,shows pretax income of $1,000,000.The following items are treated differently on the tax return and in the accounting records:

Assume that Bodner's tax rate for 2014 is 30 percent.What is the amount of income tax payable for 2014?

Quizplus · Accepted Answer

The Answer of Bodner Corporation's income statement for the year ended December 31,2014,shows pretax income of $1,000,000.The following items are treated differently on the tax return and in the accounting records:

Assume that Bodner's tax rate for 2014 is 30 percent.What is the amount of income tax payable for 2014?

Bodner Corporation's Income Statement for the Year Ended December 31,2014,shows