Pretax income$1,000 Permanent differences Goodwill impairment 400 Interest on municipal bonds (200) Temporary differences Depreciation (800) Warranty

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Pretax income$1,000 Permanent differences Goodwill impairment 400 Interest on municipal bonds (200) Temporary differences Depreciation (800) Warranty costs 400 Rent received in advance 600 Taxable income$1,400 The enacted tax rate for 2014 is 35, but it is scheduled to increase to 40 in 2015 and subsequent years All temporary differences are originating differences Required 1Determine Metges 2014 taxes payable