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INCOME TAXES (Tables)
 12 Months Ended
Sep. 29, 2012
Income Tax Disclosure [Abstract]  
Components of the provision for income taxes

The components of our provision for income taxes for our fiscal years 2012 and 2011 are as follows:

 

   2012   2011 
Current:          
    Federal  $660,000   $502,000 
    State   175,000    138,000 
   835,000    640,000 
Deferred:          
    Federal   (63,000)   (36,000)
    State   (7,000)   (6,000)
    (70,000)   (42,000)
   $765,000   $598,000 

 
Reconciliation of income tax computed at the statutory federal rate to income tax expense

A reconciliation of income tax computed at the statutory federal rate to income tax expense is as follows:

 

   2012   2011 
         
Tax provision at the statutory rate of 34%  $741,000   $617,000 
State income taxes, net of federal income tax   94,000    85,000 
FICA tip credit   (227,000)   (200,000)
Tax effect of consolidation elimination entry   —    76,000 
True up adjustment    110,000    — 
Other permanent items   47,000    20,000 
   $765,000   $598,000 

 
Components of deferred tax assets

The components of our deferred tax assets at September 29, 2012 and October 1, 2011 were as follows:

 

   2012   2011 
         
Current:          
  Reversal of aged payables  $27,000   $27,000 
  Capitalized inventory costs   25,000    22,000 
  Accrued bonuses   188,000    164,000 
  Accruals for potential uninsured claims   30,000    19,000 
  Gift cards   72,000    48,000 
  Limited partnership management fees   29,000    74,000 
   $371,000   $354,000 
Long-Term:          
  Book/tax differences in property and equipment  $540,000   $459,000 
  Limited partnership investments   386,000    418,000 
  Accrued limited retirement   35,000    31,000 
   $961,000   $908,000