Assuming that Walmart had no significant permanent differences between book income and taxable income, did income before taxes for financial reporting exceed or fall short of taxable income for the year ending January 31, 2016 (hereafter, fiscal 2015)? Explain

The income tax expense is $6,558 ( for book income?) and the income tax payable is $7,584 (for taxable income?). There should also be a deferred tax asset of $1,026