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Companys pretax accounting income and taxable income always are the same. Here are results from 2019-2023: 2019 ($500) taxable loss 2020 $14,000 taxable income 2021
Companys pretax accounting income and taxable income always are the same. Here are results from 2019-2023:
2019 ($500) taxable loss
2020 $14,000 taxable income
2021 ($18,000) taxable loss
2022 $16,000 taxable income
2023 $6,000 taxable income
Enacted tax rates are 25% in 2019-2021, and 20% beginning in 2022.
What are taxes payable in 2022? $___________
What is the remaining balance in deferred tax asset account on 12/31/22?
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