$29$

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$[[$Theote Statement,Tax Return$],[,$Revenue,Expense,Revenue,Expense$],[(1),$$ $20,0$ee$,,,],[(2),,,,$$ $20,0$ev$],[(9),,$$ $20,000,$$ $15,000,],[(4),$$ $15,000,$$ $20,0$e$0,$$ $5,000,$$ $10,8$ee$]]$

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,$ $100,000,$$ $100\mathrm{.}000,$$ $100,000,$$ $100,000],[$Temporary differences:,,,,$],[$Income statement first:,,,,$],[$Revenue$,,,,],[$Expense$,,,,],[$Tax return first:,,,,$],[$Revenue$,,,,],[$Expense$,,,,],[$Taxable income,$ $100,000,$$ $100,000,$$ $100,000,$$ $100,000]]$