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Note 7 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2023
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Years ended December 31,

 

2023

 

 

2022

 

 

2021

Federal income tax expense at the statutory rate

$

2,346

 

$

2,620

 

$

2,520

State income taxes

 

439

 

 

490

 

 

448

Foreign income taxes (blended rate)

 

951

 

 

1,129

 

 

1,010

R&D tax credits and manufacturing profit deduction

 

(3)

 

 

(3)

 

 

(6)

Tax-exempt income

 

(195)

 

 

-

 

 

-

Change in Rate

 

-

 

 

-

 

 

391

Other

 

(84)

 

 

(50)

 

 

(90)

Total

$

3,454

 

$

4,186

 

$

4,273