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3 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2021
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

2021

 

 

 

2020

 

 

 

Amount

 

%

 

Amount

 

%

Expected tax at U.S. statutory rate

$     297,000

 

21.0

 

$    14,000

 

21.0

Permanent differences

(2,000)

 

(0.1)

 

1,000

 

1.9

State taxes, net of federal benefit

6,000

 

0.4

 

0

 

0

Income tax expense

$   301,000

 

21.3

 

$    15,000

 

22.9