The following information relates to Jefferson Limited for the year ended 30 June 2022.

Accounting profit before income tax $200 000

Entertainment expenses (not tax deductible) 10 000

Depreciation of machinery (accounting) 20 000

Depreciation of machinery (tax) 50 000

Annual leave expense (not a tax deduction until the leave is paid) 4 000

Income tax rate 30%

On the basis of this information the current tax liability is:

a.

$55 200

b.

$64 800

c.

$45 000

d.

$51 000

e.

None of the above