What is the journal entry to record income tax? expense, Accounting Basics

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What is the journal entry to record income tax? expense

Question: TomminusKat ?Inc.'s income before taxes is $ 330 comma 000 and its tax rate is 40?%. TomminusKat included $ 20 comma 000 of interest from municipal bonds in the $ 330 comma 000. There are no other bookminustax differences. What is the journal entry to record income tax? expense?

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Accounting Basics: What is the journal entry to record income tax? expense

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Accounting Basics: What is the journal entry to record income tax? expense

Reference No:- TGS03426115

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