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Problem 6-1 Accounting Periods (LO 6.1) The Au Natural Clothing Corporation has changed its year-end...

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Accounting

Problem 6-1 Accounting Periods (LO 6.1)

The Au Natural Clothing Corporation has changed its year-end from a calendar year-end to March 31, with permission from the IRS. The income for its short period from January 1 to March 31 is $24,000.

Calculate the tax for this short period. Assume that this is not the first or last year of operations. Use months, not days, in your computations. The corporate tax rate is 21%.

Round your final answer to the nearest dollar.

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