Angel corporation has pre-tax book income of 750000 in 2013


Angel Corporation has pre-tax book income of $750,000 in 2013. Angel's book depreciation exceeds tax depreciation by $100,000 and Angel has municipal bond interest of $50,000. Angel has no other permanent or temporary tax differences.  Calculate Angel's current tax expense [ Select ] ["280,000", "315,000", "210,000"] , deferred tax expense [ Select ] ["-35,000", "35,000", "-100,000"] and total tax expense [ Select ] ["245,000", "280,000", "210,000"] assuming a tax rate of 35%.

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Financial Accounting: Angel corporation has pre-tax book income of 750000 in 2013
Reference No:- TGS01153688

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