William Corporation, which has a fiscal year ending January 31, had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended January 31, 20X8: William's income tax expenses in its interim income statement for the third quarter are:
A) $36,000.
B) $73,500.
C) $46,500.
D) $120,000.

Question

William Corporation, which has a fiscal year ending January 31, had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended January 31, 20X8:  William's income tax expenses in its interim income statement for the third quarter are:
A) $36,000. 
B) $73,500. 
C) $46,500. 
D) $120,000.

Quizplus · Accepted Answer

The Answer of William Corporation, which has a fiscal year ending January 31, had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended January 31, 20X8:  William's income tax expenses in its interim income statement for the third quarter are:
A) $36,000. 
B) $73,500. 
C) $46,500. 
D) $120,000.

William Corporation, Which Has a Fiscal Year Ending January 31