Tyranitar Co. at the end of 2019, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income of 325,000 The estimated warranty expense of 40,000 will be deductible in 2020 when it is expected to be paid. In addition, the company has recorded the fine of 5,000 due to violation of requirement for products description. This fine is not deductible for tax purpose under any circumstance. The income tax rate is 30% for all years.

1. Calculate the value of taxable income

2. Identify the change in deferred tax in the year 2019 for the differences stated above

3. Calculate value of income tax expenses

4. Calculate the effective tax rate