For the year ended december 31, year 1, tyre co. reported pretax financial statement income of $750,000. its taxable income was $650,000. the difference is due to accelerated depreciation for income tax purposes. tyre's effective income tax rate is 30%, and tyre made estimated tax payments during year 1 of $90,000. what amount should tyre report as current income tax expense for year 1? a. $105,000b. $135,000c. $195,000d. $225,000

In July, Goldcorp had sales of $540,000. Of this, the 4% sales commission= $21,600, the shipping expenses was 1% at $5400, and the manager's monthly salary was $23,750, plus miscellaneous expenses was $15,000. So I would say that the budgeted expenses would be $21,600+$5400+$23750= $50,750, assuming that miscellaneous expenses were not budgeted. Total expenses would be $65,750 if the $15,000 was included.