Gernasse prepares its 20X5 income tax note: current tax for the year 840,000; additional current tax due for 20X4, identified in 20X5 (case data) 40,000; deferred tax expense 95,000. Compute the tax expense for the year.
- Current tax for the year
- 840,000
- Additional current tax for 20X4
- 40,000
- Deferred tax expense
- 95,000