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How much income tax expense does ivy report as a line item

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Ivy Group reported income from continuing operations before taxes of $ 668, 000 and income from discontinued operations of $ 214, 000. Ivy also reported $ 68, 000 of unrealized gains from available-for-sale debt investments? (fair value accounting? adjustments) recorded as other comprehensive income. The company is subject to a 38% tax rate and reports no permanent differences.

Problem 1: How much income tax expense does Ivy report as a line item directly below? "Income from Continuing Operations before? Taxes"?

Reference no: EM132826289

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