10.00 points MC Qu. 27 LO 16-01, 16-04 For its first year of operations Tringall

Question

10.00 points MC Qu. 27 LO 16-01, 16-04 For its first year of operations Tringall For its first year of operations, Tringal Corporation's reconcillation of pretax accounting inc ncome is as follows $210,000 15,500 194.500 19,200 $175,300 Pretax accounting income difference Temporary difference-depreciation Taxable income Tringali's tax rate is 37%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations? o $7104. O $77.700 O $71,965 O $64861. Multipie Choice Nic au, 27 LO 16-01, Corporation's -04 For its fir- TOSHIBA esc 2 3 4

Explanation / Answer

Answer is $ 64861.

Explanation:

Taxable Income reported: $ 175,300

Tax rate: 37%

Income tax payable (175300*37%: $ 64,861

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