1.  =   –  + ++= = = = = CALCULATING FEDERAL INCOME TAX 5 1 3 4 2 6 Lesson 25-3, page 647

2. FEDERAL INCOME TAX ADJUSTMENT 1 3 3 2 3.Extend the account balances. 1. Calculate and enter the federal income tax adjustment. 2.Total and rule the Adjustments columns. Lesson 25-3, page 648

3. 3.Extend the net income amount. 4.Calculate the column totals. COMPLETING A WORK SHEET 1. Total the income statement and balance sheet columns. 2.Calculate and enter the net income after federal income tax. 5.Draw double lines. 112 5 43 Lesson 25-3, page 649