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Robinson Company Had a Net Deferred Tax Liability of $34,000

question 125

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Robinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary difference of $100,000 (taxed at 34 percent) . During the year, Robinson reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,000 and unfavorable temporary differences of $20,000. During the year, Congress reduced the corporate tax rate to 21 percent. Robinson's deferred income tax expense or benefit for the current year would be:


Definitions:

Intersectional Approach

An analytical framework that examines the interconnected nature of social categorizations such as race, class, and gender, and their ability to create overlapping and interdependent systems of discrimination or disadvantage.

Discursive Construction

The process by which discourse shapes, constructs, and influences society, identities, and social norms through language use.

Intersectionality

The simultaneous influence of multiple social relations, including race, gender, ethnicity, and class.

Hegemonic Masculinity

A concept referring to practices that promote the dominant social position of men and the subordinate social position of women, emphasizing traditional male dominance.

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