How much of the income tax expense is payable


The income tax footnote to the financial statements of Life Technologies Company for the year ended December 31, 2008, includes the following information (in thousands). How much of the income tax expense is payable in 2008?

Current tax provision
Federal $27,064
State 3,377
Foreign 37,458
67,899
Deferred tax provision
Federal 65,287
State 847
Foreign (9,734)
56,400
Provision for income taxes $124,299

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much of the income tax expense is payable
Reference No:- TGS072339

Expected delivery within 24 Hours