JONES COMPANY REPORTED A PRETAX BOOK INCOME OF $415,000. INCLUDED IN THE COMPUTATION WERE FAVORABLE TEMPORARY DIFFERENCES OF $51,500, UNFAVORABLE TEMPORARY DIFFERENCES OF $20,750, AND FAVORABLE PERMANENT DIFFERENCES OF $40,750. BOOK EQUIVALENT OF TAXABLE INCOME IS: A. $342,750 B. $374,250 C. $415,000 D. $455,750

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Woodward Corporation reported pretax book income of $1,132,500. Included in the computation were favorable temporary differences of $302,500, unfavorable temporary differences of $108,750, and favorable permanent differences of $180,000. Compute the company’s current income tax expense or benefit. Pretax book income Favorable temporary differences Unfavorable temporary differences Favorable permanent differences Taxable incomeTax rate%

Smith Company reported pretax book income of $408,000. Included in the computation were favorable temporary differences of $51,600, unfavorable temporary differences of $20,800, and fa vorable permanent differences of $40,800. Smith's deferred income tax expense or benefit would be:

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Book income of $1,900,000 Included in the computation were favorable temporary differences of $230,000, unfavorable temporary differences of $226,000 and favorable permanent differences of $168,000. What is the company's deferred income tax expense or benefit?

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Shaw Corp reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences of $200,000, unfavorable temporary differences of $50,000, and favorable permanent differences of $100,000. Assuming a tax rate of 21 percent, compute the company’s deferred income tax expense or benefit.

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