Business, 01.02.2022 14:00 aavil5659

Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Bonuses are tax deductible only in the year in which they are paid.
$86,000
$6,500
$4,000
$4,700
Accounting Income
Depreciation Expense
Tax Depreciation
Income Not Recognized
in The Current Period
For Tax Purposes
2019 Bonus Paid in
2020
Accrued Bonuses in
2020
Tax Rate
$2,630
$3,500
28%

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Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Bonu...