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Calculate the deferred tax liability given the following items incurred in 2020 by Company B....

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Accounting

Calculate the deferred tax liability given the following items incurred in 2020 by Company B. Bonuses are tax deductible only in the year in which they are paid.Accounting Income$86,000Depreciation Expense$6,500Tax Depreciation$4,000Income Not Recognized in The Current Period For Tax Purposes$4,7002019 Bonus Paid in 2020$2,630Accrued Bonuses in 2020$3,500Tax Rate28%

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