What is the current provision for income tax

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Question - Viking Company reported in the income statement for the year ended December 31, 2021, a pretax income of P1,000,000.

Tax Return Accounting Record

Rent income 70,000 120,000

Depreciation income 280,000 220,000

Premium on officers' life insurance 0 90,000

Income tax rate 30%

What is the current provision for income tax for 2021?

Reference no: EM132840898

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