Effective Tax Rate (Tables)

6 Months Ended

Mar. 31, 2013

Effective Tax Rate Tables

Schedule of Income Tax Expense

Income tax expense for the six months ended March 31 is as follows:

	2013		2012
Current	$	597,879	$	210,843
Deferred		381,501		819,822
Total	$	979,380	$	1,030,665

Schedule of reconciliation of income tax

Actual income tax expense differs from the expected tax expense (computed by applying the federal corporate tax rate of 34% and state tax rate of 7.1% to income before income tax expense) as follows:    

	2013			2012
Expected federal tax expense	$	968,907		$	969,553
State tax expense (net of federal)		202,331			202,465
Net operating loss carryforwards		—			67,961
Other, net		(191,858	)		(209,314	)
Actual tax expense	$	979,380		$	1,030,665