Parker Co.s 2018 income statement reported $48,077 in income before provisions for income taxes. To compute the provision for federal income taxes, the following 2018 data are provided:

Life insurance premiums that are not deductible for income tax purposes $6,432

Income from exempt municipal bonds $13,097

Depreciation deducted for income tax purposes $14,351

Depreciation deducted for financial reporting $17,495

The tax rate is 30%

What amount should Parker report as income tax expense?

If the alternative minimum tax provisions are ignored, what amount should Parker report as taxable income?