Exercise $16-11($Algo$)$ Determine taxable income $[$LO$16-2,16-3]$

Eight independent situations are described below. Each involves future deductible amounts and$/$or future taxable amounts:

$$

$($$ in millions$)$Temporary Differences Reported First on:$$The Income Statement$$The Tax Return$$RevenueExpense$$RevenueExpense$1.$$$302.$$$303.$$$304.$$$305\mathrm{.}25306.30257\mathrm{.}2530208\mathrm{.}25301520$

Required:

For each situation, determine taxable income, assuming pretax accounting income is $$200$ million. $($Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).)$

Eight independent situations are described below. Each involves future deductible amounts and$/$or future taxable amounts:

Required:

For each situation, determine taxable income, assuming pretax accounting income is $\backslash (\backslash$$ $200\backslash )$ million. $($Enter your answers in millions $($i$.$e$.,\backslash (10,000,000\backslash )$ should be entered as $10).)$