with formula

2. The following information relates to Hoover Limited for the year ended 30 June 2015. Accounting profit before income tax (after all expenses have been included) $280 000 Fines and penalties (not tax deductible) 22 000 Depreciation of plant (accounting) 50 000 Depreciation of plant (tax) 110 000 Long-service leave expense (not a tax deduction until the leave is paid) 10 000 Income tax rate 30% No employee has been paid long-service leave in the current year. On the basis of this information the current tax liability is: a. $69 000. $75 600. C . $72 600. $92 400