Denver Company, a calendar-year corporation, had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8: Denver's income tax expense in its interim income statement for the third quarter should be:
A) $126,000.
B) $68,400.
C) $62,400.
D) $54,000.

Question

Denver Company, a calendar-year corporation, had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:  Denver's income tax expense in its interim income statement for the third quarter should be:
A) $126,000. 
B) $68,400. 
C) $62,400. 
D) $54,000.

Quizplus · Accepted Answer

The Answer of Denver Company, a calendar-year corporation, had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:  Denver's income tax expense in its interim income statement for the third quarter should be:
A) $126,000. 
B) $68,400. 
C) $62,400. 
D) $54,000.

Denver Company, a Calendar-Year Corporation, Had the Following Actual Income