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How much is the total income tax expense

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Reference no: EM133130650

Question - Zambia Company related data are:

Accounting income P1,600,000

Nontaxable interest received 50,000

Long-term loss accrual in excess of deductible amount 100,000

Depreciation in excess of financial depreciation 250,000

Tax rate 30%

1. How much is the income tax expense - current?

2. How much is the total income tax expense?

3. How much is the income tax still payable?

Reference no: EM133130650

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