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What is the current tax expense for the current year

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Reference no: EM132873352

Hilton company reported pretax financial income of 6,200,000 for the current year. Included in other income was 200,000 of interest revenue from government bonds held by the entity. The income statement also included depreciation expense of 500,000 for a machine costing 3,000,000. The income tax return reported 600,000 as depreciation on the machine. The enacted tax rate is 30% for the current year and future years.

Problem 1: What is the current tax expense for the current year?

a) $1,860,000
b) $1,800,000
c) $1,770,000
d) $1,830,000

Reference no: EM132873352

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