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6. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Aug. 31, 2019
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

 

2019

 

2018

 

 

 

 

 

 

Computed tax at the federal statutory rate

$

605,466

 

$

1,083,541

State taxes, net of federal benefit

 

173,114

 

 

228,332

Depreciation

 

920

 

 

(20,036)

Inventory reserve

 

20,458

 

 

(22,956)

Other

 

8,383

 

 

19,394

 

 

 

 

 

 

Provision for income taxes

$

808,341

 

$

1,288,275

 

 

 

 

 

 

Current income taxes

$

808,341

 

$

1,288,275

Deferred income taxes

 

(20,649)

 

 

70,509

 

$

787,692

 

$

1,358,784