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Schedule of income taxes differs from the amount computed by applying the statutory federal income tax rate (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of income taxes differs from the amount computed by applying the statutory federal income tax rate  
Schedule of income taxes differs from the amount computed by applying the statutory federal income tax rate

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences for the periods presented are as follows:

 

Income tax provision at the federal statutory rate

35.00%

Income tax provision at the state statutory rate

4.63%

Effect on operating loss carry forward

(39.63%)

 

-

 

Changes in the net deferred tax assets consist of the following:

 

 

2015

 

2014

Net operating loss carry forward

$

43,745

 

$

28,645

Valuation allowance

 

(43,745)

 

 

(28,645)

Net deferred tax asset

$

-

 

$

-

 

A reconciliation of income taxes computed at the statutory rate is as follows:

 

 

2015

 

2014

Tax at statutory rate (39.63%)

$

17,336

 

$

11,352

Increase in valuation allowance

 

(17,336)

 

 

(11,352)

Net deferred tax asset

$

-

 

$

-