Amelia, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year.Assume a 34% corporate tax rate and no valuation allowance. 
Amelia, Inc.'s, book income before tax is $25,200.Amelia records two permanent book-tax differences.It earned $1,000 in tax-exempt municipal bond interest and $1,840 in nondeductible meals and entertainment expense.Determine Amelia's change in net deferred tax asset or net deferred tax liability for the current year and provide the journal entry to record this amount.
Definitions:
16 PF Test
A psychological assessment tool that measures 16 personality factors or traits to understand human behavior.
Personal Orientation Inventory
A psychological assessment tool designed to measure personal self-actualization and intrapersonal values.
Inner Directedness
A personality trait where individuals are guided by their own values and standards rather than external expectations.
Self-Actualization
The process of realizing and expressing one's own capabilities and creativity, fulfilling potential and achieving personal goals at the highest level of Maslow's hierarchy of needs.
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