Question: $ 6 8 , 8 1 6 at the beginning of the year, representing a net taxable deductible difference of $ 2 0 2 ,

$68,816 at the beginning of the year, representing a net taxable deductible difference of $202,400(taxed at 34 percent). During the year, Lynch reported pretax book income of $809,600. Included in the computation were favorable temporary differences of $22,400 and unfavorable temporary differences of $51,200. At the beginning of the year, Congress reduced the corporate tax rate to 21 percent.

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