For the year ended december 31, year 5, pering co. reported pretax financial income of $550,000. its current tax expense was $144,000. pering reported a difference between pretax financial statement income and taxable income. this difference is due to accelerated depreciation for income tax purposes. pering’s effective income tax rate is 30% and pering made estimated tax payments during year 5 of $75,000. what amount did paring report as taxable income for year 5?
405,000
480,000
475,000
550,000

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?