Sand Engaged in Operations at the Start of 2015 and Reported

question 96

Multiple Choice

Sand engaged in operations at the start of 2015 and reported $550,000 in pre-tax book income for the year. Tax depreciation for Sand exceeded book depreciation by $50,000. The tax rate for 2015 was 30%, and Congress had enacted a tax rate of 20% for the years after 2015.
-What is the current portion of the tax expense for Sand for 2015?

• A)$100,000
• B)$150,000
• C)$160,000
• D)$165,000

---

Definitions:

Resume Quality

The caliber of a resume, determined by its clarity, organization, relevance of the information presented, and its ability to effectively highlight an individual's skills and achievements.

Sexual Harassment

Unwanted and inappropriate sexual advances or remarks, often in a workplace or educational setting, that create a hostile environment.

Terminated

Refers to the ending or conclusion of a process, employment, contract, or situation.

Wal-Mart

An American multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores, known for its significant impact on the global retail industry.