Reporting the Provision for Income Taxes Smith & Sons Company presented the following information in the income tax footnote in its annual report:

Note 13. Income Taxes Provision for income taxes includes the following (in thousands)

	End-of-year
Current payable
U.S	$5,028
Foreign	438
Deferred
U.S	2,980
Foreign	(174)
Total	$8,272

How much tax expense did Smith & Sons report on its income statement for the year?

$Answer

thousand

How much of the reported income tax expense was paid currently and how much was deferred to a future period for payment?

Paid currently	Answer	thousand
Deferred to a future period	Answer	thousand