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3 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

2020

 

 

 

2019

 

 

 

Amount

 

%

 

Amount

 

%

Expected tax at U.S. statutory rate…………

$    14,000

 

21.0

 

 $    143,000

 

21.0

Permanent differences………………………

1,000

 

1.9

 

(6,000)

 

(1.0)

State taxes, net of federal benefit………….

0

 

0

 

8,000

 

1.2

Income tax expense…………………………

$    15,000

 

22.9

 

$   145,000

 

21.2