Saturn Ltd has a provision for annual leave amounting to $50,000 as at year end. The annual leave is not tax deductible until it is paid. The tax rate is 30%. Select the correct deferred tax position of this provision for annual leave as at year end.

Group of answer choices

a) It has a future deductible amount of $50,000 but the deferred tax position is nil.

b) It has a future deductible amount of $50,000 and it is a taxable temporary difference of $50,000. It is exposed to a Deferred tax liability of $15,000.

c) It has a future taxable amount of $50,000 and it is a deductible temporary difference of $50,000. It is exposed to a Deferred tax liability of $15,000.

d) It has a future deductible amount of $50,000 and it is a deductible temporary difference of $50,000. It is exposed to a Deferred tax asset of $15,000.