CY Restricted Stock Unit Book ASC 718 Expense (20X7 Grants) $35,000

Judis estimated Blended Statutory rate for 12/31/20X7 25%

CY Restricted Stock Unit Book ASC 718 Expense (20X8 Grants) $40,000

CY Restricted Stock Unit Tax Deduction (20X7 Grants) $45,000

Judis estimated Blended Statutory rate for 12/31/20X8 40%

Part I: Determine Judis ASC 740 income tax provision for 20X8 and record the journal entry.

Are the calculations accurate for RSU stock? If not, can you please explain.

Deferred:

BOY $35,000

Change ($5,000)

Windfall $10,000

EOY $40,000

DB Def. DTA $10,000

CR Def. Tax Exp $10,000