Rogene, Inc. reported the following results for the current year. Book income (before tax) ............. $425,000 Tax
Question:
Book income (before tax) ............. $425,000Tax depreciation in excess of book ......... 25,000Non-tax-deductible warranty expense ........ 17,500Municipal bond interest income ......... 28,500
Determine Rogene's taxable income for the current year. Identify any temporary or permanent book-tax differences.
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Related Book For
Global Taxation How Modern Taxes Conquered The World
ISBN: 9780192897572
1st Edition
Authors: Philipp Genschel, Laura Seelkopf
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