The following information relates to Godfrey Limited for the year ended 30 June 2016:
Accounting profit before income tax (after all expenses have been included) $300 000
Fnes and penalties (not tax deductible) $20 000
Depreciation of plant (accounting) $40 000
Depreciation of plant (tax)= $100 000
Long-service leave expense (not a tax deduction until the leave is paid ) Income tax rate 30%
On the basis of this information the current tax liability is:
а. $78.000
b. $99.600
c. $74.400
d. $80.400