Bridgeport Inc. had pretax financial income of $139,400 in 2020. Included in the computation of that amount is insurance expense of $4,400 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $10,000.Prepare Bridgeport’s journal entry to record 2020 taxes, assuming a tax rate of 25%.

Dr   income expense($33450 +$2500)  $35950

Cr  income tax payable                                              $33450

Cr deferred income tax                                               $2500

Explanation:

The adjusted taxable income adjusted for disallowed insurance expense of $4,400 as well as the excess depreciation(timing difference) of $10,000

Pretax  financial income       $139,400

add:

disallowed expense             $4,400

less:

additional depreciation       ($10,000)

Adjusted taxable income    $133,800

income tax expense is $133800 *25%=$33450

deferred tax liability =$10,000*25%=$2500

total tax expense for the year is 35950 ($33450+$2500)

it id the first and last option

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.