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Note 7 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Years ended December 31,

 

2020

 

 

2019

 

 

2018

Federal income tax expense at the statutory rate

$

1,915

 

$

2,512

 

$

2,127

State income taxes

 

369

 

 

(124)

 

 

365

Foreign income taxes (blended rate)

 

550

 

 

985

 

 

1,607

ETI, manufacturing deduction and tax credits

 

(7)

 

 

(9)

 

 

(146)

Deemed repatriation transition tax

 

263

 

 

(266)

 

 

(3,230)

US Taxes on foreign income

 

(35)

 

 

59

 

 

179

Other

 

(13)

 

 

-

 

 

2

Total

$

3,042

 

$

3,157

 

$

904