Question
Suzanne Corp. has the following accounting information for its year ended December 31, 20X4: Revenue Cost of goods sold Gross margin Depreciation expense Interest expense
Suzanne Corp. has the following accounting information for its year ended December 31, 20X4: Revenue Cost of goods sold Gross margin Depreciation expense Interest expense Pension expense Golf club membership dues Dividend income Other expenses Accounting income before tax Additional information: CCA claim for 20X4 was $630,000. $ 4,680,000 (2,900,000) $1,780,000 $560,000 120,000 40,000 50,000 (80,000) 450,000 (1,140,000) $640,000 The actual pension payments to the trustee totalled $65,000. The dividend income was received from a taxable Canadian corporation. Suzanne's income tax rate is 25%. What is the amount of current income tax expense for 20X4? Click Save What is the amount of current income tax expense for 20X47 Oa $128,750 Ob. $152,500 Oc$168,750 Od. $160,000
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