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How much is the total income tax expense

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Question - Among the items reported on Catriona Company's income statement forthe year ended December 31, 2021, were the following:

Accounting income 1,125,800

Payment of penalty 98,500

Insurance premium expense on a life of an officer with the employee's family as a beneficiary 50,000

Interest income of savings deposit 18,750

Interest income of lease agreement 47,500

Dividend income 30,000

Tax rate 20%

Required - How much is the total income tax expense?

Reference no: EM133145995

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