Packard Corporation reported pretax book income of $501,300. Included in the computation were favorable temporary differences of $11,300, unfavorable temporary differences of $101,300, and unfavorable permanent differences of $90,650. Assuming a tax rate of 34%, the Corporation's current income tax expense or benefit would be: a. $170,442. b. $177,905. c. $231,863. d. $109,021.

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%

Ann Corporation reported pretax book income of $1,190,000. Included in the computation were favorable temporary differences of $140,000, unfavorable temporary differences of $234,000, and favorable permanent differences of $138,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit. Book equivalent of taxable income Total income tax provision or benefit

A- 9

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Rimas Corporation reported pretax book income of $1,360,000. Included in the computation were favorable temporary differences of $220,000, unfavorable temporary differences of $290,000, and favorable permanent differences of $146,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit Book equivalent of taxable income Total income tax provision or benefit

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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Nalad Corp. provided the following data related to accounting and taxable income: Pre-tax accounting income (financial statements) Taxable income (tax return) Income tax rate 20X8 $530,000 20X9 $505,000 305,000 730,000 38% 38% There are no existing temporary differences other than those reflected in these data. There are no permanent differences. Required: 1-a. How much tax expense would be reported in each year if the taxes payable method was used? Tax Expense 20X8 20X9 1-b. What is the implied tax rate? (Round your answers to 1 decimal place.) 20X8 20X9 Implied tax rate 96 % 2-a. How much tax expense would be reported using comprehensive tax allocation (liability method). Tax Expense 20X8 20X9 2-b. How much deferred income tax would be reported using comprehensive tax allocation (liability method).

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?