book income of $1,800,000. Included in the computation were favorable temporary differences of $182,500, unfavorable temporary differences of $267,000, and favorable permanent differences of $112,000. Compute the company’s book equivalent of taxable income. Use this number to compute the company’s total income tax provision

book income of $1,800,000. Included in the computation were favorable temporary differences of $182,500, unfavorable temporary differences of $267,000, and favorable permanent differences of $112,000. Compute the company’s book equivalent of taxable income. Use this number to compute the company’s total income tax provision

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter14: Taxes On The Financial Statements

Section: Chapter Questions

Problem 31P

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