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Note 7 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2024
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Years ended December 31,

 

2024

2023

2022

Federal income tax expense at the statutory rate

 

 $ 2,794 

 $ 2,346 

 $ 2,620 

State income taxes

 

  504 

  439 

  490 

Foreign income taxes (blended rate)

 

  (1)

  951 

  1,129 

R&D tax credits and manufacturing profit deduction

 

  (18)

  (3)

  (3)

Tax-exempt income

 

  (201)

  (195)

  - 

Change in Rate

 

  - 

  - 

  - 

Other

 

  (150)

  (84)

  (50)

Total

 

 $ 2,928 

 $ 3,454 

 $ 4,186