Question: Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax

 Four Independent situations are described below. Each involves future deductible amounts

Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax Return Revenue Expense Revenue Expense (1.) $18,000 $18,000 (3.) $18,000 $14,680 (4.) $14,600 $18,000 $ 6,400 $11,400 Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. (Amounts to be deducted should be indicated by a minus sign.) Accounting income Temporary differences: Income statement first: Revenue Expense Tax return first: Revenue Expense Taxable income

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