$1$ WO $-1$

saved

TB Problem $16-148($Algo$)$ Four independent situations are described...

Four independent situations are described below. Each involves future deductible amounts and$/$or future taxable amounts produced by temporary differences reported first on:

$\backslash$table$[[,\backslash$table$[[$Income$],[$Revenue$]],$Expense$],[(1),$$$16,500,,\backslash$table$[[$Tax Return$],[$Revenue$]]],[(2),,],[(3),$$$14,300,$$$16,500,],[(4),$$$14,300,$$$16,500,]]$

Required:

For each situation, determine the taxable income assuming pretax accounting income is $$100,000.$

Note: Amounts to be deducted should be indicated by a minus sign.

$\backslash$table$[[,(1),(2),(3),(4)],[$Accounting income,,,,$],[$Temporary differences:,,,,$],[$Income statement first:,,,,$],[$Revenue$,,,,],[$Expense$,,,,],[$Tax return first,,,,$],[$Revenue$,,,,],[$Expense$,,,,],[$Taxable income,$ $0,50,$$$0,$$$0$