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The Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:The tax rate is 20%. Indicate the amounts for 2015 Income Tax

The Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:The tax rate is 20%. Indicate the amounts for 2015 Income Tax Expense and 12/31/15 Income Tax Payable, respectively: Select one: a. $2,040, $2,034 b. $1,960, $1,934 c. $1,960, $1,986 d. $2,040, $1,986 e. $2,034, $2,034image text in transcribed

The Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist: Premiums Paid for Key Officer Life Insurance Accrued Revenues Uneamed Revenues $ 200 S 80 S 50 The tax rate is 20%. Indicate the amounts for 2015 Income Tax Expense and 12/31/15 Income Tax Payable, respectively: Select one: a. $2,040, $2,034 b. $1,960, $1,934 c. $1,960, $1,986 d. $2,040, $1,986 e. $2,034, $2,034 O O

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