Weaver Company Had a Net Deferred Tax Liability of $34,408

Multiple Choice

Weaver Company had a net deferred tax liability of $34,408 at the beginning of the year, representing a net taxable temporary difference of $101,200 (taxed at 34 percent) . During the year, Weaver reported pretax book income of $404,800. Included in the computation were unfavorable temporary differences of $51,200 and favorable temporary differences of $22,400. At the beginning of the year, Congress reduced the corporate tax rate to 21 percent. Weaver's deferred income tax expense or benefit for the current year would be:

A) Net deferred tax benefit of $6,048.
B) Net deferred tax expense of $6,048.
C) Net deferred tax benefit of $19,204.
D) Net deferred tax expense of $19,204.