company accelerates its taxable income so that the income reported for tax purposes is $10 million greater than the income reported on its 10-k. if the company has a 40% marginal tax rate and a 36% effective tax rate, which of the following is created by this bookkeeping difference?

Respuesta :

$4.0 million deferred tax asset of the following is created by this bookkeeping difference.

What is tax?

  • A tax is a compulsory financial burden or  other obligation imposed on a taxpayer (individual or corporate) by a governmental organization  to fund government  and various public expenditures (local, local, or national).
  • A levy of sorts, tax compliance is related to policy  and individual behavior.
  • A tax is a mandatory fee or financial burden that a government imposes on an individual or  organization to collect revenues for public works that provide the best facilities and infrastructure.
  • Examples include general and selective excise taxes, value added taxes (VAT), taxes on any aspect of manufacturing or production, taxes on legal transactions, and customs or import taxes.
  • General sales tax is a charge levied on most consumer spending.

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