Review of the Trelmont group's reconciliation: accounting profit 5,000,000, applicable rate 30%; research tax credit −60,000; effect of foreign rates −110,000; release of excess tax for the prior year −15,000. Tax expense recognised: 1,390,000. Compute the unexplained difference.
- Accounting profit
- 5,000,000
- Applicable rate (%)
- 30 %
- Research tax credit
- 60,000
- Effect of foreign rates
- 110,000
- Release of prior-year tax
- 15,000
- Tax expense recognised
- 1,390,000