What is the current provision for income tax

Reference no: EM132840898

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

Questions Cloud

Calculate the dollar-denominated returns for each scenario : Suppose now the investor also sells forward £18,000 at a forward exchange rate of $1.95/£. Calculate the dollar-denominated returns for each scenario

Evaluation of conceptual theories : What are the new statistical methods used in the evaluation of conceptual theories outlining specific advantages these methods provide?

Prepare the journal entry to record sheffield transaction : Prepare the journal entry to record Sheffield's transaction, under the Employing the proportional method, assuming the recent price quote.

Develop a confidence interval for the time spent : To determine whether there is indeed a difference in social media platform usage between the two age groups, what is the best statistical test based only on the

What is the current provision for income tax : Viking Company reported in the income statement for the year ended December 31, 2021, a pretax income of P1,000,000. What is current provision for income tax

Analyze mobile deceives through history and humanities lense : Analyze Mobile Deceives through the history and humanities lenses. This will provide you with a chance to practice analyzing your issue/event through.

Patient autonomy-informed consent : In the context of health care in the United States, the value on autonomy and liberty was cogently expressed by Justice Benjamin Cardozo in Schloendorff v. Soci

Unit 06 Mechatronics Assignment : Unit 06 Mechatronics Assignment Help and Solution, Pearson Higher Nationals in Engineering - Assessment Writing Service - Design a mechatronic system

Impacts of specific renewable energy technologies : It is estimated that 1.3 billion people still do not have access to modern energy sources. Many more utilize energy, but far below the consumption of developed

User Account

All Pages