Ask Experts Questions for FREE Help !
Ask
    rebecajon's Avatar
    rebecajon Posts: 3, Reputation: 1
    New Member
    		  
    #1

    May 3, 2013, 01:43 PM
    Income tax
    Dallas company had financial and taxable income as follows:
    2010 2011 2012
    Pretax financial income $ 150000 $ 140000 $ 135000
    Taxable income 115000 140000 170000
    The tax rate for all tree years was 20%.
    Required:
    a. Prepare the journal entries to record income taxes for all three years.
    b. Explain why the taxes paid in 2010 are different from the tax return and the amount reported in the financial statements.
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
    		  
    #2

    May 3, 2013, 01:46 PM
    How about you prepare the journal entries and explain.

    We don't do your homework/school work for you.

    If you do it and post the answers, someone may come along and help you with them but nobody is going to do the work for you.
    rebecajon's Avatar
    rebecajon Posts: 3, Reputation: 1
    New Member
    		  
    #3

    May 3, 2013, 01:55 PM
    Quote Originally Posted by odinn7 View Post
    How about you prepare the journal entries and explain.

    We don't do your homework/school work for you.

    If you do it and post the answers, someone may come along and help you with them but nobody is going to do the work for you.
    I did. I just want to make sure it is correct, if u do not the answer why you repling and taking my time?! 1
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
    		  
    #4

    May 3, 2013, 02:09 PM
    You did, really? I don't see it here... maybe you should post it. Nobody is going to figure this out for you but you'd rather just be rude instead of listening.

    I replied because:
    A) I am telling you that we do not do homework/school work for you.
    B) I am telling you to post your answer to show you did it.
    C) You can't dictate who answers and how they answer.
    D) All of the above.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Is filing income tax return for 1.5 months income in the US on L-1 visa compulsory? [ 1 Answers ]

My Wife was on L-1 Visa in the US from June 2009 to Mid Feb 2011. She has yet not received her W-2 for 2011 income in the US, which, I assume should have come to her employer by now. As far as I understand, she would have to file her return before April 15th, 2012. But how can she do that without...

Employer in Nebraska wants to collect income tax but I live in state w/out income tax [ 0 Answers ]

Hello, new employer whose office is based in Nebraska. I do not live or work in Nebraska. This is a fed gov't agency. They tell me they will collect Nebraska states income tax from my pay. How can they do that? I do spend about 3 weeks a year at the office in Nebraska, staying in a motel while...

Federal corporate income tax treatment on state income tax return [ 0 Answers ]

I know that federal corporation tax is deductible on state corporate tax returns but not on federal corporate returns, but is it deductible on state corporate returns? You may generalize your answer or you may limit it to Florida Form F-1120 if you like. I have been told that it can but I can't...

State income tax and local income tax in W2 Form [ 2 Answers ]

I know "state income tax" in W2 is the state income withholding" used for state tax return. But what will "local income tax" in W2 be used for?

Collectors (law office) Garishing Income & Income Tax Refund? [ 4 Answers ]

I live in the Atlanta, GA area and I brought a house last spring. This summer I start receiving mail and phone calls from a law office regarding a credit card that was closed over 10 years ago, but I paid some money on it after that. So, it has been over 7 years,but a few month under 10 years. ...

View more questions Search