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Grand Corporation reported pretax book income of $ 6 1 5 , 0 0 0 . Tax depreciation exceeded book depreciation by $ 4 1
Grand Corporation reported pretax book income of $ Tax depreciation
exceeded book depreciation by $ In addition, the company received
$ of taxexempt municipal bond interest. The company's prioryear tax return
showed taxable income of $ Grand's beginning book tax basis in its fixed
assets was and its ending book tax basis is $
$ Compute the company's current income tax expense or benefit.
Note: Leave no answer blank. Enter NA or zero.
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