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What amount should tyre report as current income tax

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Question - For the year ended December 31, year 3, Tyre Co. reported pretax financial statement income of $750,000. Its taxable income was $650,000. The difference is due to accelerated depreciation for income tax purposes. Tyre's effective income tax rate is 30% and Tyre made estimated tax payments during year 3 of $90,000. What amount should Tyre report as current income tax expense for year 3?

A) $105,000

B) $135,000

C) $195,000

D) $225,000

Reference no: EM132965328

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