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CALCULATORUL OREN PETER WASION BACK NE Testbank Multiple Choice Question 72 Carta Vista Coman deducts Insurance expense of $231000 for tax purposes in 2021, but

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CALCULATORUL OREN PETER WASION BACK NE Testbank Multiple Choice Question 72 Carta Vista Coman deducts Insurance expense of $231000 for tax purposes in 2021, but the expenses not yet recogned for accounting purposes. In 2022 2023 and 2024, no insurance expense will be deducted for tax purposes, but $77000 of insurance expense will be reported for accounting purposes in each of these years, Cara Vista Company has a tax rate of 20% and income taxes payable of $194000 the end of 2021. There were no deferred taxes at the beginning of 2021 Assuming that income taxes payable for 2022 is $268000, the income tax expense for 2022 would be what amount) 3283400 5314200 $268000 52600 Click if you would like to Show Work for this question on Shower Question Attempted 3 NO $ 4 % 5 A 6 & 7 8 1 0 1 T w U O Y Q R 1 P S 4 D F G J H M N C N V B 96 command option command

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