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There are no other book-tax differences what is the income

KT Lion Group's income before taxes is $450,000 and its tax rate is 30%. KT Lion included $30,000 in fines and penalties in the $450,000. There are no other book-tax differences. What is the income tax liability for KT Lion Group?

$135,000

$144,000

$126,000

$141,000

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Accounting Basics: There are no other book-tax differences what is the income

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Accounting Basics: There are no other book-tax differences what is the income

Reference No:- TGS02553885

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