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Note 7 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2021
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Years ended December 31,

 

2021

 

 

2020

 

 

2019

Federal income tax expense at the statutory rate

$

2,520

 

$

1,915

 

$

2,512

State income taxes

 

448

 

 

369

 

 

(124)

Foreign income taxes (blended rate)

 

1,010

 

 

550

 

 

985

ETI, manufacturing deduction and tax credits

 

(6)

 

 

(7)

 

 

(9)

Deemed repatriation transition tax

 

-

 

 

263

 

 

(266)

US Taxes on foreign income

 

(99)

 

 

(35)

 

 

59

Change in Rate

 

391

 

 

-

 

 

-

Other

 

9

 

 

(13)

 

 

-

Total

$

4,273

 

$

3,042

 

$

3,157