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How much tax expense would be recorded under the accrual method for FY2020? FY2019 FY2020 Deferred tax liability $30 000 Income before tax $130 000

How much tax expense would be recorded under the accrual method for FY2020?

	FY2019	FY2020
Deferred tax liability	$30 000
Income before tax		$130 000
Taxable income		95 000
Tax rate,%	30	35

a. $50 500

b. $40 500

c. $32 500

d. $5000

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