McGee Company deducts insurance expense of $114,000 for tax purposes in 2008, but the expense is not yet recognized for accounting purposes. In 2009, 2010, and 2011, no insurance expense will be deducted for tax purposes, but $38,000 of insurance expense will be reported for accounting purposes in each of these years. McGee Company has a tax rate of 30% and income taxes payable of $89,200 at the end of 2008. There were no deferred taxes at the beginning of 2008. Assuming that income tax payable for 2009 is $123,200, the income tax expense for 2009 would be what amount?

a. $111,800
b. $123,200
c. $96,000
d. $134,600 .
e None of these answer choices is correct

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.