Business, 02.12.2019 22:31 mmm5398

Provo, inc. has an estimated annual tax rate of 35 percent in the first quarter of 2018. pretax income for the first quarter was $300,000. at the end of the second quarter of 2018, provo expects the annual tax rate to be 32 percent because of anticipated tax credits. pretax income for the second quarter was $350,000. assume no items in either quarter requiring the net-of-tax presentation.
how much income tax expense is recognized in the secound quarter of 2013?

answer is 103,000 not sure how this is calculated?

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Provo, inc. has an estimated annual tax rate of 35 percent in the first quarter of 2018. pretax inco...

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