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Astro Companys pretax income was $72,000. To compute taxable income, the following information is provided: Excess of estimated bad debts over write-offs $26,000 Penalty for

  1. Astro Companys pretax income was $72,000. To compute taxable income, the following information is provided:

Excess of estimated bad debts over write-offs $26,000

Penalty for late filing of income taxes 21,000

Excess of tax depreciation over accounting depreciation 36,000

Tax rate 20%

What is the current portion of income tax?

  1. $12,400
  2. $6200
  3. $16,600
  4. $22,600

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