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6. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Aug. 31, 2021
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

 

 

2021

 

2020

 

 

 

 

 

Computed tax at the federal statutory rate

$

928,062

 

$

807,223

 

State taxes, net of federal benefit

 

204,632

 

 

218,611

 

Depreciation

 

(47,828)

 

 

(33,518)

 

Inventory reserve

 

3,665

 

 

7,587

 

Other

 

(139,269)

 

 

68,980

 

 

 

 

 

 

 

 

Provision for income taxes

$

949,262

 

$

1,068,883

 

 

 

 

 

 

 

 

Current income taxes

$

949,262

 

$

1,068,883

 

Deferred income taxes

 

19,993

 

 

35,748

 

$

969,255

 

$

1,104,631