INCOME TAXES (Tables)

12 Months Ended

May 31, 2019

Schedule of provision (benefit) for income taxes

The provision (benefit) for income taxes for the years ended May 31, 2019 and 2018 consists of the following:

	2019			2018
Current
Federal	$	-		$	-
State		-			-
Deferred
Federal		(14,598	)		(1,088	)
State		(1,417	)		(106	)
Change in valuation allowance		16,015			1,194
Total	$	-		$	-

Schedule of income tax rate computed

For the years ended May 31, 2019 and 2018, the Company's income tax rate computed at the statutory federal rates of 21% and 34%, respectively, differs from its effective tax rate primarily due to permanent items, state taxes and the change in the deferred tax asset valuation allowance

	2019			2018
Income tax at statutory rate		34.00	%		34.00	%
State income taxes, net of federal benefit		3.30			3.30
Change in valuation allowance		(37.30	)		(37.30	)
Total		0.00	%		0.00	%

Schedule of deferred tax assets and tax liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and tax liabilities as of May 31, 2019 and 2018 are as follows:

	2019			2018
Net operating loss	$	42,936		$	3,200
Amortization of organization costs		-			-
Gross deferred tax assets		42,936			3,200
Less: Valuation allowance		(42,936	)		(3,200	)
Net deferred tax asset	$	-		$	-

AMPERICO CORP 10-K