c$)$

$(6$ Marks$)$

Tax on the profit earned in $2020$ was provided for at $74,000$ and was

settled on August $2021$ by a payment of $79,000.$ Current tax on the profits

earned in $2021$ has been estimated at $84,000.$ The deferred tax account

reported a balance of $28,000$ as at $31$ December $2020.$ As at $31$ December

$2021$ the net book value of non$-$current assets was $596,000,$ whereas the

tax base was $456,000.$ The company pays income tax at $25\%.$

Required:

Identify the tax expense of the year $2021.$