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Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting Income and taxable income: Pretax accounting income Permanent differences $179,000 (16,100) 162,900 (11,100)
Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting Income and taxable income: Pretax accounting income Permanent differences $179,000 (16,100) 162,900 (11,100) $151,800 Temporary difference-depreciation Taxable income Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 As of December 31, 2021 $14,000 $25,100 The enacted tax rate was 27% for 2020 and thereafter. What should Kent report as the current portion of its Income tax expense in the year 2021? Multiple Choice $40.986. $43.983. $48,330. None of these answer choices are correct
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