Business, 18.11.2019 20:31 rorofhs2009

Paroh company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounting purposes. in 2022, 2023, and 2024, no insurance expense will be deducted for tax purposes, but $74000 of insurance expense will be reported for accounting purposes in each of these years. pharoah company has a tax rate of 20% and income taxes payable of $188000 at the end of 2021. there were no deferred taxes at the beginning of 2021.what is the amount of income tax expense for 2021?

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Paroh company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not...

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