Question: ease respond to the following: Explain the difference between an income tax expense and an income tax payable. Your response should demonstrate an understanding of

ease respond to the following:

Explain the difference between an income tax expense and an income tax payable.

Your response should demonstrate an understanding of the difference between GAAP and tax reporting.Identify three temporary differences and discuss how the deferred tax asset or deferred tax liability is recorded and consumed.Identify three permanent differences and discuss the reporting of permanent differences.

Be sure to respond to at least one of your classmates' posts.

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