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INCOME TAXES (Tables)
12 Months Ended
Oct. 01, 2022
Income Tax Disclosure [Abstract]  
Schedule of components of the provision for income taxes

2022

2021

Current:

Federal

$

302,000

$

251,000

State

262,000

176,000

Deferred:

564,000

427,000

Federal

172,000

649,000

State

27,000

109,000

199,000

758,000

$

763,000

$

1,185,000

Schedule of reconciliation of income tax computed at the statutory federal rate to income tax expense

2022

2021

Tax provision at the statutory rate

$

2,061,000

$

3,770,000

Non-controlling interests

(575,000

)

(1,046,000

)

State income taxes, net of federal income tax

210,000

196,000

FICA tip credit

(744,000

)

(297,000

)

True up adjustment

43,000

115,000

Tax effect of rate change due to Tax Reform

(1,000

)

PPP forgiveness

(252,000

)

(1,576,000

)

Other permanent items, net

20,000

24,000

$

763,000

$

1,185,000

Schedule of components of deferred tax assets

2022

2021

Reversal of aged payables

$

18,000

$

18,000

Capitalized inventory costs

26,000

26,000

Accrued bonuses

84,000

96,000

Accruals for potential uninsured claims

19,000

34,000

Gift cards

198,000

195,000

Limited partnership management fees

(862,000

)

(720,000

)

Tip credit

71,000

85,000

Book/tax differences in property and equipment

(1,106,000

)

(886,000

)

Book/tax differences in operating leases

488,000

428,000

Limited partnership investments

394,000

264,000

Accrued limited retirement

65,000

54,000

Total Deferred Tax Liabilities, Net

$

(605,000)

$

(406,000)